Use the figure below to answer the following questions.

Figure 11.3.2
-Refer to Figure 11.3.2, which illustrates the short-run average and marginal cost curves. The average variable cost curve is curve
A)A.
B)B.
C)C.
D)D.
E)C minus curve B

Question

Use the figure below to answer the following questions.
  
Figure 11.3.2
-Refer to Figure 11.3.2, which illustrates the short-run average and marginal cost curves. The average variable cost curve is curve
A)A. 
B)B. 
C)C. 
D)D. 
E)C minus curve B

Quizplus · Accepted Answer

The average variable cost curve is the curve that intersects both the marginal cost curve and the average total cost curve at their respective minimum points. In this case, curve B intersects both curves at their minimum points, indicating that it is the average variable cost curve.

Use the Figure Below to Answer the Following Questions