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.
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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