Figure 13-4
The curves in this figure reflect information about the average total cost, average fixed cost, average variable cost, and marginal cost for a firm.

-Refer to Figure 13-4.Which of the curves is most likely to represent average variable cost
A)A
B)B
C)C

Question

Figure 13-4
The curves in this figure reflect information about the average total cost, average fixed cost, average variable cost, and marginal cost for a firm.
 
-Refer to Figure 13-4.Which of the curves is most likely to represent average variable cost
A)A 
B)B 
C)C

Quizplus · Accepted Answer

Curve C represents the average variable cost because it starts at zero when quantity is zero and then increases as quantity increases, reflecting the additional variable costs incurred with each additional unit of output.

Figure 13-4 The Curves in This Figure Reflect Information About the Average