In the diagram below, the curve which represents firm’s short-run average variable cost is curve? by Sunday | Aug 3 | Economics WAEC | 0 comments A. l B. ll C. lll D. IV Correct Answer: Option C – lll Users Also Read These:In the theory of production and cost, the average…If the average fixed cost (AFC) of producing 5 bags…The rising portion of the long-run average cost…If TC, FC and VC represent total cost, fixed cost…The short-run average variable cost of a firm will…