Based on the diagram provided, which of the following statements is true?
A)Average total cost at Q₂ is the slope of line 0 A.
B)Average total cost at Q₁ is the slope of line AB.
C)Marginal cost at Q₂ is the slope of line CB.
D)Marginal cost at Q₁ is the slope of line 0 A.

Question

Based on the diagram provided, which of the following statements is true?
A)Average total cost at Q₂ is the slope of line 0 A. 
B)Average total cost at Q₁ is the slope of line AB. 
C)Marginal cost at Q₂ is the slope of line CB. 
D)Marginal cost at Q₁ is the slope of line 0 A.

Quizplus · Accepted Answer

The Answer of  Based on the diagram provided, which of the following statements is true?
A)Average total cost at Q₂ is the slope of line 0 A. 
B)Average total cost at Q₁ is the slope of line AB. 
C)Marginal cost at Q₂ is the slope of line CB. 
D)Marginal cost at Q₁ is the slope of line 0 A.

Based on the Diagram Provided, Which of the Following Statements