Short Answer
The graph below depicts two different types of costs. Questions related to the graph should be answered in the spaces provided.
a. The line H-B represents what type of cost? ______________________
b. Production at point J versus point L would __________ total variable costs.
c. Production at point J versus point L would __________ per unit fixed costs.
d. What is a possible reason that line G-A increases at point A to a new horizontal line?
e. What kind of cost is depicted by the line from point G to point A?
Correct Answer:

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a. variable costs
b. decrease
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Correct Answer:
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b. decrease
...
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