The Figure Given Below Shows Cost Curves of a Firm

question 80

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.When Average Variable Cost (AVC) is at a minimum, which of the following is true?

• A)AVC equals AB
• B)Marginal cost (M
• C)equals 0G
• C)Average total cost exceeds AVC by SR
• D)MC equals HN
• E)MC equals GJ

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Definitions:

Zero-Argument Constructor

A constructor method in a class that does not require any parameters to create an instance of the class.

GetMessage

A function or method in many event-driven interfaces that retrieves messages or events from the event queue for the application to process.

DiskDriveNotReady

DiskDriveNotReady refers to an error condition indicating that a computer's disk drive is not in a ready state to read or write data.

Zero-Argument Constructor

A constructor in a class that takes no parameters, often used to create an instance of the object with default values.