Exhibit 7.3 -Refer to Exhibit 7.3,which Shows the U-Shaped Cost Curves for U-Shaped

Multiple Choice

Exhibit 7.3

-Refer to Exhibit 7.3,which shows the U-shaped cost curves for a producer.A is the marginal cost curve,B is the average variable cost curve,and C is the average total cost curve.The vertical distance between lines B and C at any level of output represents _____

A) marginal cost.
B) average total cost.
C) average variable cost.
D) average fixed cost.
E) average marginal cost.