In the figure below, curve B is the ________ curve?
Select ONE answer:
- Average variable cost
- Average fixed cost
- Marginal cost
- Average total cost
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 4
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