Total Cost Curves
Total Cost (TC),
Total Variable Cost, (TVC),
Total Fixed Cost (TFC)
![](../images/7btotalcostslg.gif)
Average Cost Curves and Marginal
Cost
Average Total Cost (ATC)
, Average Variable Cost, (TVC), Average Fixed Cost (AFC),
and Marginal Cost (MC)
NOTICE: MC crosses ATC and AVC at
their lowest points
![](../../ecogif/costs/acmcmatch2alg.gif)
Which graph below is drawn
correctly?
![](../../ecogif/costs/7batcavccorrect.jpg)
Which graph below is drawn
correctly?
![](../../ecogif/costs/acmatch1a2a3ax.gif)
Which colored rectangle below is
largest?
(assume the ATC and AVC curves are identical.)
![](../../ecogif/costs/tfc3.jpg)
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