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 total 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 total cost curve?

Quizplus · Accepted Answer

In Figure 8-6, the average total cost curve is represented by curve B, which is the U-shaped curve that starts high, dips down to its minimum point, and then starts to rise again as output increases.

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