The Graph Below Depicts Two Different Types of Costs

question 154

Essay

The graph below depicts two different types of costs.Questions related to the graph should be answered in the spaces provided.

a.The line H-B represents what type of cost? ______________________
b.Total variable costs for production at point J would be ___________ than at point L.
c.Fixed costs per unit at point J would be _________ than at point L.
d.What is a possible reason that line G-A increases at point A to a new horizontal line?
e.What kind of cost is depicted by the line from point G to point A?

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Definitions:

Enzyme

Biological molecules that act as catalysts to speed up chemical reactions in living organisms.

Graph

A diagram showing the relation between variable quantities, typically of two variables measured along a pair of lines at right angles.

Reactants

Materials that exist before a chemical reaction starts and are used up to create end products during the reaction.

Hydrogen Ion Acceptor

A hydrogen ion acceptor, often a base in chemical terms, is a compound that is capable of accepting a hydrogen ion (H+) from another compound, thus participating in neutralization or buffer reactions.