Multiple Choice
Use the figure below to answer the following questions:
In the above figure, curves 1, 2, 3, and 4 represent the:
A) ATC, MC, AFC, and AVC curves respectively.
B) MC, AFC, AVC, and ATC curves respectively.
C) MC, ATC, AVC, and AFC curves respectively.
D) ATC, AVC, AFC, and MC curves respectively.
Correct Answer:
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