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The Diagram Below Shows Some Short- Run Cost Curves for a Firm

question 4

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The diagram below shows some short- run cost curves for a firm. The diagram below shows some short- run cost curves for a firm.   FIGURE 7- 2   4 -Refer to Figure 7- 2. Which of the following choices correctly identifies the cost curves in part (i)  of the figure? A)  Curve 1 is the total cost curve. Curve 2 is the total variable cost curve. Curve 3 is the average fixed cost curve. B)  Curve 1 is the total cost curve. Curve 2 is the total variable cost curve. Curve 3 is the total fixed cost curve. C)  Curve 1 is the total marginal cost curve. Curve 2 is the total average cost curve. Curve 3 is the total average fixed cost curve. D)  Curve 1 is the total fixed cost curve. Curve 2 is the total variable cost curve. Curve 3 is the total cost curve. E)  Curve 1 is the total variable cost curve. Curve 2 is the total cost curve. Curve 3 is the total fixed cost curve. FIGURE 7- 2 The diagram below shows some short- run cost curves for a firm.   FIGURE 7- 2   4 -Refer to Figure 7- 2. Which of the following choices correctly identifies the cost curves in part (i)  of the figure? A)  Curve 1 is the total cost curve. Curve 2 is the total variable cost curve. Curve 3 is the average fixed cost curve. B)  Curve 1 is the total cost curve. Curve 2 is the total variable cost curve. Curve 3 is the total fixed cost curve. C)  Curve 1 is the total marginal cost curve. Curve 2 is the total average cost curve. Curve 3 is the total average fixed cost curve. D)  Curve 1 is the total fixed cost curve. Curve 2 is the total variable cost curve. Curve 3 is the total cost curve. E)  Curve 1 is the total variable cost curve. Curve 2 is the total cost curve. Curve 3 is the total fixed cost curve. 4
-Refer to Figure 7- 2. Which of the following choices correctly identifies the cost curves in part (i) of the figure?


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