The Figure Given Below Shows Cost Curves of a Firm

question 102

Multiple Choice

The figure given below shows cost curves of a firm. Figure: 21.2 In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
Refer to Figure 21.2.At an output level of G:

• A)both average total cost and average variable cost are falling.
• B)average fixed cost is equal to the distance JK.
• C)average variable cost exceeds marginal cost by the amount LJ.
• D)average total cost exceeds marginal cost by the amount KJ.
• E)total cost is equal to the area 0AJG.

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Definitions:

Graves Disease

An autoimmune disorder that causes the thyroid gland to produce too much thyroid hormone, leading to hyperthyroidism.

Hyposecretion

The condition of insufficient secretion of hormones or other substances from a gland.

Thyroid Hormone

Hormones produced by the thyroid gland, including triiodothyronine (T3) and thyroxine (T4), which regulate the body's metabolism, energy production, and nervous system development.

Melanocyte-Stimulating Hormone

A hormone involved in the regulation of melanin production in the skin, affecting skin pigmentation.