(Figure: Understanding Cost Curves 2) Match the Curves in the Figure

question 170

Multiple Choice

(Figure: Understanding Cost Curves 2) Match the curves in the figure (lines A, B, and C) with the correct cost curve name.

• A) A = marginal cost; B = average variable cost; C = average total cost
• B) A = average variable cost; B = average total cost; C = marginal cost
• C) A = marginal cost; B = average fixed cost; C = average total cost
• D) A = marginal cost; B = average total cost; C = average fixed cost

---

Definitions:

Negligent Misrepresentation

A false statement made carelessly that is relied upon by others, leading to their financial loss.

Annullment

A legal procedure that declares a marriage null and void, as if it never legally existed, due to various possible reasons such as fraud or incapacity.

Intimidation

The act of instilling fear in others to force them to do or abstain from doing something against their will.

Voidable

A contract or agreement that is valid until one party decides to cancel or invalidate it due to certain legal deficiencies.