-Which of the graphs in Figure 21-1 illustrates the behavior of a total variable cost?
A) Graph 2
B) Graph 3
C) Graph 4
D) Graph 1

Name: -Which of the graphs in Figure 21-1 illustrates the behavior of a total variable cost? A) Graph 2 B) Graph 3 C) Graph 4 D) Graph 1
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Question

-Which of the graphs in Figure 21-1 illustrates the behavior of a total variable cost?
A) Graph 2 
B) Graph 3 
C) Graph 4 
D) Graph 1

Quizplus · Accepted Answer

Graph 3 shows the behavior of a total variable cost as it increases with increasing output. The other graphs show the behavior of fixed costs, average variable costs, and marginal costs.

-Which of the Graphs in Figure 21-1 Illustrates the Behavior