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:Average Variable Cost (AVC) curve?The short-run average variable cost of a firm will…The diagram above shows a firm operating under…If the average fixed cost (AFC) of producing 5 bags…If a firm's price is less than average cost but more…