What does a total-cost curve show
A)the relationship between the quantity of an input used and the total cost of production
B)the relationship between the quantity of output produced and the total cost of production
C)the relationship between the total cost of production and profit
D)the relationship between the total cost of production and total revenue

Question

Quizplus · Accepted Answer

A total-cost curve shows the relationship between the quantity of output produced and the total cost of production. It illustrates how the total cost of production changes as the quantity of output increases or decreases. Therefore, option B is the correct choice. Options A, C, and D are incorrect because they describe different relationships that are not represented by a total-cost curve.

What Does a Total-Cost Curve Show