Use the following table to answer the next question and assume that the total fixed cost incurred by the firm is $500.OutputTotal Variable Cost1$400272031,00041,40052,00063,600The total cost associated with the production of 5 units of output is

A. $2,000.
B. $2,500.
C. $3,000.
D. $1,500.


Answer: B

Economics

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