A Graph Which Maps the Total Costs of Production Against

question 30

Multiple Choice

A graph which maps the total costs of production against the amount made is called the

• A)average cost function.
• B)a production function.
• C)a cost function.
• D)a marginal cost function.

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Definitions:

Food

Any nutritious substance that people or animals eat or drink, or that plants absorb, in order to maintain life and growth.

Concrete

Refers to real, tangible objects or substances, as opposed to abstract concepts or qualities.

Emotion

A complex state of feeling resulting in physical and psychological changes that influence thought and behavior.

Love

Love is a profound and complex emotion or action that involves deep affection, care, and attachment towards others.