Graph 13-5 
The set of curves above reflect information about the cost structure of a firm.Use this graph to answer the following question(s) .
-Refer to Graph 13-5.Which of the curves is most likely to represent average variable cost?
Definitions:
Great Recession
A significant global economic downturn that took place approximately from 2007 to 2009, deeply affecting the world economy.
Capacity Utilization Rate
The capacity utilization rate measures the proportion of potential economic output that is actually realized, displayed as a percentage.
Great Recession
The period of global economic decline observed during the late 2000s, considered the most significant downturn since the Great Depression.
Capacity Utilization Rate
A metric that measures the proportion of potential economic output that is actually realized.
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