Figure 9-4 shows the marginal cost curve,average cost curve,average variable cost curve,and demand curve for a firm over different levels of output and at a market price of $P.
Figure 9-4
-Refer to Figure 9-4.The firm's average variable cost at the output level OB is _____.
A)BG
B)GT
C)BT
D)BK

Question

Figure 9-4 shows the marginal cost curve,average cost curve,average variable cost curve,and demand curve for a firm over different levels of output and at a market price of $P.
Figure 9-4 
-Refer to Figure 9-4.The firm's average variable cost at the output level OB is _____.
A)BG 
B)GT 
C)BT 
D)BK

Quizplus · Accepted Answer

The average variable cost at output level OB is given by the point T on the graph, which corresponds to the intersection of the output level OB with the average variable cost curve. Therefore, the correct choice is (C) BT.

Figure 9-4 Shows the Marginal Cost Curve,average Cost Curve,average Variable