Question

based on the graph shown, for any given output level, the veritcal distance between the avc and the atc curves represents

Answer 1

A a result of the graph shown, for any given output level, the veritcal distance between the avc and the atc curves represents total fixed cost (TFC).

What is Vertical distance?

This is known as vertical separation and it is said to be the distance that exist between two vertical positions.

Note that vertical coordinates are seen for expressing vertical position: depth, and others and as such,

See full question below

The vertical distance between the ATC and AVC curve represents

a) marginal cost (MC)

b) average fixed cost (AFC)

c) total fixed cost (TFC)

d) total cost (TC) - total variable cost (TVC)

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