The Figure Given Below Shows Cost Curves of a Firm

question 39

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 H, average total cost is:

• A)0E.
• B)BE.
• C)area 0EMH.
• D)0B.
• E)area 0BNH.

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Definitions:

U.S. Bureau of Labor Statistics

A federal agency that collects and analyzes essential economic information related to labor market activity, working conditions, and price changes in the economy.

American Companies

refer to business enterprises based in the United States, known for their influence on the global economy and innovation in various sectors.

Overseas Companies

Businesses that operate outside their home country, engaging in international trade or services.

Discrimination

Your behavior, or what you do (or intend to do, or are inclined to do) as a result of your stereotypes and prejudice.