The Vertical Distance Between a Firm's Total Cost (TC) and Its

question 88

Multiple Choice

The vertical distance between a firm's total cost (TC) and its total variable cost (TVC) curves

• A) decreases as output decreases.
• B) is equal to the average variable cost, AVC.
• C) is equal to the total fixed cost, TFC.
• D) is equal to the marginal cost, MC.

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