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
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