Question: MC ATC A AVC E Price B C 0 Q1 Quantity If the firm is producing at Q1, the area OBEQ1 represents average variable costs.

MC ATC A AVC E Price B C 0 Q1 Quantity

MC ATC A AVC E Price B C 0 Q1 Quantity If the firm is producing at Q1, the area OBEQ1 represents average variable costs. total variable costs. total fixed costs. O total costs

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