Economics · Cost Concepts
Which type of graph illustrates a linear variable cost when the vertical axis represents total cost incurred?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A horizontal line starting at a fixed positive cost level
- 2A straight line starting from the origin and sloping upward✓
- 3A horizontal step-function graph
- 4A curved line starting from the origin
Correct answer
A straight line starting from the origin and sloping upward
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