Use the Figure to Answer the Following Question(s)

question 202

Multiple Choice

Use the figure to answer the following question(s) .
Figure 8-4

The average variable cost (AVC) and average total cost (ATC) for a firm are indicated in Figure 8-4. If the marginal cost curve were constructed, at what output would it cross the AVC curve?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Water Molecule

A molecule consisting of two hydrogen atoms bonded to one oxygen atom, represented chemically as H2O.

Molecular Shape

The three-dimensional arrangement of atoms within a molecule, determined by the chemical bonds and electron pairs surrounding the central atom.

Carbon Monoxide

A colorless, odorless, and toxic gas, consisting of one carbon atom and one oxygen atom.

Geometry

The branch of mathematics concerned with the properties and relations of points, lines, surfaces, and solids.