Figure 8-6
Figure 8-6 contains information about the short run cost structure of a firm.
-Refer to Figure 8-6.In the figure above,which letter represents the average variable cost curve?

Question

Figure 8-6
  Figure 8-6 contains information about the short run cost structure of a firm.
-Refer to Figure 8-6.In the figure above,which letter represents the average variable cost curve?

Quizplus · Accepted Answer

The average variable cost curve is typically U-shaped and lies below the average total cost curve. In most diagrams, it is labeled as "C".

Figure 8-6 Figure 8-6 Contains Information About the Short Run