The Following Graph Shows Average Fixed Costs, Average Variable Costs

question 73

Multiple Choice

The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production. The average variable cost curve is represented by which curve?

• A)I
• B)II
• C)III
• D)IV

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Definitions:

Flexed

The state of being bent or tensed, often referring to a muscle contraction that decreases the angle between bones at a joint.

Abducted

The movement of a limb or other part away from the midline of the body or from another part.

Pivot Joint

A type of synovial joint that allows rotation around a single axis, as seen in the neck between the first and second cervical vertebrae.

Intercarpal

Pertaining to the joints and movements between the carpal bones of the wrist.