Figure 11-8 -Refer to Figure 11-8 Above to Answer the Following Questions

Essay

Figure 11-8

-Refer to Figure 11-8 above to answer the following questions.
a.Identify the curves in the diagram.
A ________ B ________ C ________
b.What is the numerical value of fixed cost when the quantity of output =10?
c.What is the numerical value of variable cost when the quantity of output =10?
d.What is the numerical value of total cost when the quantity of output =10?
e.What is the numerical value of average fixed cost when the quantity of output =10?
f.What is the numerical value of average total cost when the quantity of output =10?
g.On the graph identify the area that represents the total variable cost of production when the quantity of output =10.
h.On the graph identify the area that represents the fixed cost of production when the quantity of output =10.