-In the above figure, at an output level of Q1, total variable cost is
A) OF times Q1.
B) OD times Q2.
C) OF.
D) OF minus DF.

Name: -In the above figure, at an output level of Q1, total variable cost is A) OF times Q1. B) OD times Q2. C) OF. D) OF minus DF.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

-In the above figure, at an output level of Q1, total variable cost is
A) OF times Q1. 
B) OD times Q2. 
C) OF. 
D) OF minus DF.

Quizplus · Accepted Answer

Total variable cost is represented by the area under the variable cost curve up to the given output level, which is OF times Q1 in this case.

-In the Above Figure, at an Output Level of Q1