The diagram below shows some short-run cost curves for a firm.

FIGURE 7-2
-Refer to Figure 7-2.Which of the following choices correctly identifies the cost curves in part (ii)of the figure?
A)Curve 4 is the marginal cost curve. Curve 5 is the average fixed cost curve.
Curve 6 is the average variable cost curve.
Curve 7 is the average total cost curve.
B)Curve 4 is the average total cost curve. Curve 5 is the marginal cost curve.
Curve 6 is the average variable cost curve.
Curve 7 is the average fixed cost curve.
C)Curve 4 is the average fixed cost curve. Curve 5 is the average total cost curve.
Curve 6 is the marginal cost curve.
Curve 7 is the average variable cost curve.
D)Curve 4 is the marginal cost curve. Curve 5 is the average total cost curve.
Curve 6 is the average variable cost curve.
Curve 7 is the average fixed cost curve.
E)Curve 4 is the marginal cost curve. Curve 5 is the average variable cost curve.
Curve 6 is the average fixed cost curve.
Curve 7 is the average total cost curve.

The Point of Diminishing Marginal Productivity Is the Point Where

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