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Figure 71 Shows the U-Shaped Cost Curves for a Producer

Question 111

Multiple Choice

Figure 7.1 shows the U-shaped cost curves for a producer. In the table figure, A is the marginal cost curve, B is the average variable cost curve, and C is the average total cost curve. At an output of 10, the:​ ​
Figure 7.1
Figure 7.1 shows the U-shaped cost curves for a producer. In the table figure, A is the marginal cost curve, B is the average variable cost curve, and C is the average total cost curve. At an output of 10, the:​ ​ Figure 7.1   A) total cost equals $10. B) fixed cost equals $1. C) variable cost equals $10. D) marginal cost equals $10. E) fixed cost equals $10.


A) total cost equals $10.
B) fixed cost equals $1.
C) variable cost equals $10.
D) marginal cost equals $10.
E) fixed cost equals $10.

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