-Refer to Figure 7 -4. Identify the curves in the diagram.
A) E = average fixed cost curve; F = variable cost curve; G = total cost curve; H = marginal cost curve.
B) E = marginal cost curve; F = total cost curve; G = variable cost curve; H = average fixed cost curve
C) E = average fixed cost curve; F = average total cost curve; G = average variable cost curve; H = marginal cost curve.
D) E = marginal cost curve; F = average total cost curve; G = average variable cost curve; H = average fixed cost curve.

Question

-Refer to Figure 7 -4. Identify the curves in the diagram.
A) E = average fixed cost curve; F = variable cost curve; G = total cost curve; H = marginal cost curve. 
B) E = marginal cost curve; F = total cost curve; G = variable cost curve; H = average fixed cost curve 
C) E = average fixed cost curve; F = average total cost curve; G = average variable cost curve; H = marginal cost curve. 
D) E = marginal cost curve; F = average total cost curve; G = average variable cost curve; H = average fixed cost curve.

Quizplus · Accepted Answer

The Answer of 
-Refer to Figure 7 -4. Identify the curves in the diagram.
A) E = average fixed cost curve; F = variable cost curve; G = total cost curve; H = marginal cost curve. 
B) E = marginal cost curve; F = total cost curve; G = variable cost curve; H = average fixed cost curve 
C) E = average fixed cost curve; F = average total cost curve; G = average variable cost curve; H = marginal cost curve. 
D) E = marginal cost curve; F = average total cost curve; G = average variable cost curve; H = average fixed cost curve.