Which Statement About the Total Variable Cost Curve Is True

question 45

Multiple Choice

Which statement about the total variable cost curve is true ?

• A) It begins at the origin and increases before decreasing again.
• B) The total variable cost curve is the same at all levels of output.
• C) The total variable cost curve is increasing but at a decreasing rate.
• D) It begins at the origin and is always increasing.

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Definitions:

Enforce

To compel observance of or compliance with a law, rule, or obligation.

Verbal Agreement

A contract made orally rather than in writing, which can still be legally binding under certain conditions.

Restrict Competition

Legal or business strategies implemented to limit competition within a market, often scrutinized for fairness under competition law.

Void

Refers to a contract or legal agreement that lacks validity and is therefore unenforceable by law.