A point on a total variable cost curve shows the ________ variable cost a firm will bear to produce a certain output.

A) highest
B) lowest
C) change in
D) average

Total Variable Cost

The sum of expenses that vary with the level of output, including costs like materials and labor, which increase as production increases.

Average

A statistical measure central to a data set or distribution, typically the sum of all values divided by the number of values.