-Refer to the Graph Above to Answer This Question

question 155

Multiple Choice

-Refer to the graph above to answer this question.Which of the following statements is correct?

• A)Curve 1 illustrates average product while curve 3 illustrates average variable cost.
• B)Curve 1 illustrates average variable cost while curve 3 illustrates marginal product.
• C)Curve 1 illustrates average product while curve 4 illustrates average variable cost.
• D)Curve 2 illustrates marginal product while curve 3 illustrates average variable cost.
• E)Curves 1 and 2 are cost curves while curves 3 and 4 are product curves.

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