Economics 9708 · AS & A Level · 7.5

7.5 — practice question

The diagram illustrates the short-run cost curves of a firm. Which of the following statements is correct?

  • ACurve 1 is the marginal cost curve.
  • BCurve 2 is the average variable cost curve.
  • CCurve 3 is the average fixed cost curve.
  • DCurve 4 is the average total cost curve.

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