The area $$\(0 \mathrm{ab} Q\)$$ is equal to

A.
total cost.
B.
total variable cost.
C.
total fixed cost.
D.
marginal cost.
E.
average product of labor.
Microeconomics
AP
College Board
Exam No: AP Micro Practice Test 4 Year:2024 Question No:APMicroeconomics2024AP0235

Answer:

C

Knowledge points:

3.1 The Production Function
3.2 Short-Run Production Costs
3.3 Long-Run Production Costs

Solution:

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