The graph below depicts two different types of costs.Questions related to the graph should be answered in the spaces provided.
a.The line H-B represents what type of cost? ______________________
b.Total variable costs for production at point J would be ___________ than at point L.
c.Fixed costs per unit at point J would be _________ than at point L.
d.What is a possible reason that line G-A increases at point A to a new horizontal line?
e.What kind of cost is depicted by the line from point G to point A?
Correct Answer:
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b.less
c.grea...
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