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Plot the output against the TVC (total variable cost). Put the output on the horizontal axis and the TVC on the vertical axis. What is
Plot the output against the TVC (total variable cost). Put the output on the horizontal axis and the TVC on the vertical axis. What is the general shape of this function?
(TABLE IS THE ATTACHMENT)
A. It is a hill-shaped function (goes up, peaks, then falls)
B. It is a valley-shaped function (goes down, bottoms out, then rises)
C. It is a horizontal line
D. It is an upward sloping function
E. It is a downward sloping function
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