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

Name: Figure 1 -Which of the following graphs in Figure 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

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

Quizplus · Accepted Answer

Total variable cost increases with the level of output. Graph 3 shows a curve that starts from the origin and increases as output increases, which is characteristic of total variable costs.

Figure 1 ​

Figure 1