The Figure Above Shows Some of a Firm's Cost Curves

question 86

Multiple Choice

The figure above shows some of a firm's cost curves.
-Based on the figure above,curve C is the firm's

• A) marginal cost curve.
• B) total cost curve.
• C) average total cost curve.
• D) total variable cost curve.
• E) total fixed cost curve.

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Definitions:

Discretionary Product

A non-essential good or service purchased with disposable income, often subject to personal tastes and economic conditions.

Shopping Product

Goods that a consumer, in the process of selection and purchase, characteristically compares on such bases as suitability, quality, price, and style.

Convenience Product

A consumer item that is widely available and purchased frequently with minimal effort.

Unsought Product

A type of product that consumers typically do not think of buying until a need arises or they are made aware of it through advertising.