Question 1
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow.


Refer to Figure 8.6. The vertical distance
AB is Outdoor Equipment's
◦ marginal cost.
◦ average fixed cost.
◦ total fixed cost.
◦ total cost.
Question 2
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow.


Refer to Figure 8.6. Marginal cost is represented by
◦ curve 1.
◦ curve 2.
◦ curve 3.
◦ line segment
AB.