(Figure: The Cost Curves for Charlie's Cookie Confections) Use Figure: The Cost Curves for Charlie's Cookie Confections. The curve labeled Y represents the firm's _____ cost curve.

A)marginal
B)average
C)fixed
D)variable

Question

(Figure: The Cost Curves for Charlie's Cookie Confections) Use Figure: The Cost Curves for Charlie's Cookie Confections. The curve labeled Y represents the firm's _____ cost curve.

A)marginal 
B)average 
C)fixed 
D)variable

Quizplus · Accepted Answer

The curve labeled Y is the firm's fixed cost curve because it is a horizontal line that does not change with the level of output.

(Figure: the Cost Curves for Charlie's Cookie Confections) Use Figure