A Linear Total Cost Curve Which Passes Through the Origin

question 19

Multiple Choice

A linear total cost curve which passes through the origin implies that

• A)average cost is constant and marginal cost is variable.
• B)average cost is variable and marginal cost is constant.
• C)average and marginal costs are constant and equal.
• D)We need more information to answer question.

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Definitions:

Caravaggio

An influential Italian painter of the late 16th and early 17th centuries known for his dramatic use of lighting and realism.

Antiquity

A term referring to the ancient past, specifically the period before the Middle Ages, encompassing ancient Greek and Roman civilizations.

Calling Of Saint Matthew

A famous painting by Caravaggio depicting the moment Jesus Christ calls Matthew to follow him.

Caravaggio

An influential Italian painter of the late 16th and early 17th centuries, known for his dramatic use of light and shadow and realistic depictions of religious subjects.