Refer to the following graph. This set of cost curves is:
A) correct.
B) wrong because the average variable and average total cost curves are switched.
C) wrong because the marginal cost curve should go through the minimum points of the AVC and ATC curves.
D) wrong because the marginal cost curve does not intersect the average total cost curve.

Question

Refer to the following graph.  This set of cost curves is:
A) correct. 
B) wrong because the average variable and average total cost curves are switched. 
C) wrong because the marginal cost curve should go through the minimum points of the AVC and ATC curves. 
D) wrong because the marginal cost curve does not intersect the average total cost curve.

Quizplus · Accepted Answer

The Answer of Refer to the following graph.  This set of cost curves is:
A) correct. 
B) wrong because the average variable and average total cost curves are switched. 
C) wrong because the marginal cost curve should go through the minimum points of the AVC and ATC curves. 
D) wrong because the marginal cost curve does not intersect the average total cost curve.

Refer to the Following Graph