Consider a graph that shows the total cost curve and the total variable cost curve.As output increases,the vertical distance between these two curves
A)increases.
B)decreases.
C)becomes smaller and then larger.
D)becomes larger and then smaller.
E)is constant.

Question

Quizplus · Accepted Answer

The vertical distance between the total cost curve and the total variable cost curve represents the total fixed cost, which remains constant regardless of the level of output.

Consider a Graph That Shows the Total Cost Curve and the Total