Use the following to answer questions:
Figure: Short-Run Costs II
-(Figure: Short-Run Costs II) Look at the figure Short-Run Costs II. Curve 2 is the _____ cost curve.
A) average total
B) average variable
C) marginal
D) total

Question

Use the following to answer questions:
Figure: Short-Run Costs II 
-(Figure: Short-Run Costs II) Look at the figure Short-Run Costs II. Curve 2 is the _____ cost curve.
A) average total 
B) average variable 
C) marginal 
D) total

Quizplus · Accepted Answer

Curve 2 is the average total cost curve, which typically shows the average cost per unit of output, including both fixed and variable costs, in the short run.

Use the Following to Answer Questions