The figure given below shows cost curves of a firm.Figure: 8.2
In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
-Refer to Figure 8.2. At an output level of H, average total cost is:

Question

The figure given below shows cost curves of a firm.Figure: 8.2
  In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
-Refer to Figure 8.2. At an output level of H, average total cost is:

Quizplus · Accepted Answer

At an output level of H, the average total cost is represented by the vertical distance from the origin to point E on the average total cost curve, which is 0E.

The Figure Given Below Shows Cost Curves of a Firm