The Figure Given Below Shows Cost Curves of a Firm

question 68

Multiple Choice

The figure given below shows cost curves of a firm. Figure: 7.2 In the figure,
|: Marginal cost curve
||: Average total cost curve
|||: Average variable cost curve
Refer to Figure 7.2.At an output level of H, total fixed cost is:

• A)SR.
• B)LK.
• C)BE.
• D)area BEMN.
• E)area 0EMH.

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Definitions:

Consideration

The benefit, interest, or value that induces a party to enter into a contract.

Revoking Assignment

The act of withdrawing or cancelling a task, duty, or responsibility that has been assigned to someone.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Prohibits Assignments

A clause within contracts that restricts or forbids the transfer of rights, responsibilities, or interests from one party to another without prior approval.