The vertical distance between the AVC and ATC curves is equal to
A)marginal cost.
B)average fixed cost.
C)accounting profit.
D)economic profit.
E)none of the above

Name: The vertical distance between the AVC and ATC curves is equal to A)marginal cost. B)average fixed cost. C)accounting profit. D)economic profit. E)none of the above
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Question

Quizplus · Accepted Answer

The vertical distance between the Average Variable Cost (AVC) and Average Total Cost (ATC) curves represents the Average Fixed Cost (AFC), because ATC = AVC + AFC.

The Vertical Distance Between the AVC and ATC Curves Is