The diagram shows total cost (TC), total fixed cost (TFC) and total variable cost (TVC). Which costs are shown by $$\(W, X\)$$ and $$\(Y\)$$ ?

A.
B.
C.
D.
Economics
IGCSE&ALevel
CAIE
Exam No:0455_w21_qp_13 Year:2021 Question No:13

Answer:

B

Knowledge points:

3.7.2 calculation of costs of production: Definition, drawing and interpretation of diagrams that show how changes in output affect costs of production.

Solution:

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