Refer to the diagram. The vertical distance between ATC and AVC reflects
A)the law of diminishing returns.
B)the average fixed cost at each level of output.
C)marginal cost at each level of output.
D)the presence of economies of scale.

Question

Refer to the diagram. The vertical distance between ATC and AVC reflects
A)the law of diminishing returns. 
B)the average fixed cost at each level of output. 
C)marginal cost at each level of output. 
D)the presence of economies of scale.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. The vertical distance between ATC and AVC reflects
A)the law of diminishing returns. 
B)the average fixed cost at each level of output. 
C)marginal cost at each level of output. 
D)the presence of economies of scale.

Refer to the Diagram