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Figure: A Firm's Cost Curves
-(Figure: A Firm's Cost Curves) Look at the figure A Firm's Cost Curves. The curve labeled V represents the firm's _____ cost curve.
A) total
B) average total
C) marginal
D) average variable

Question

Use the following to answer questions:
Figure: A Firm's Cost Curves 
-(Figure: A Firm's Cost Curves) Look at the figure A Firm's Cost Curves. The curve labeled V represents the firm's _____ cost curve.
A) total 
B) average total 
C) marginal 
D) average variable

Quizplus · Accepted Answer

The curve labeled V represents the firm's marginal cost curve, which typically shows the change in total cost when one more unit is produced.

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