Exhibit 7-9 Cost schedule for firm X
OutputQuantity
Total FixedCost
Total VariableCost
0
$100
$    0
1
  100
    50
2
  100
    84
3
  100
  108
4
  100
  127
5
  100
  150
As shown in Exhibit 7-9, the average total cost of producing 5 units is:

A. $20.
B. $30.
C. $50.
D. $250.


Answer: C

Economics

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