1. On a cost curves graph the FC is equal to

A) TC - VC
B) ATC - AVC
C) AVC - ATC
D) VC - TC
E) VC x Q

2. If you take away the FC line on a cost curve graph, you can still figure the FC by:

A) figuring the difference between TC and VC only at zero units.
B) figuring the difference between TC and AVC only at zero units.
C) figuring the difference between TC and VC at any unit of output.
D) figuring the difference between TC and AVC at any unit of output.
E) figuring the difference between ATC and VC at any unit of output.

3. Which of the following statements is true?

A) FC x Q = TC
B) VC x Q = TC
C) FC plus VC = TC
D) FC x Q = total fixed costs
E) VC x Q = total variable costs