Use the following to answer questions : $$\begin{array}{l}
\text { Table: Total Cost Data }\
\begin{array} { c c c }
\hline \begin{array} { c }
\text { Quantity of } \
\text { Output }
\end{array} & \begin{array} { c }
\text { Variable } \
\text { Cost } \
( \text { VC) }
\end{array} & \begin{array} { c }
\text { Total Cost } \
( \boldsymbol { T C } )
\end{array} \
\hline 0 & \$ 0 & \$ 50 \
1 & 50 & 100 \
2 & 70 & 120 \
3 & 100 & 150 \
4 & 140 & 190 \
5 & & 240 \
6 & 250 & 300 \
7 & 320 & 370 \
\hline
\end{array}
\end{array}$$
-The total cost curve shows how the _____ cost depends on the quantity of _____.
A) total;fixed inputs
B) average;variable inputs
C) total;output
D) marginal;output

Question

Use the following to answer questions : $$\begin{array}{l}
\text { Table: Total Cost Data }\
\begin{array} { c c c } 
\hline \begin{array} { c } 
\text { Quantity of } \
\text { Output }
\end{array} & \begin{array} { c } 
\text { Variable } \
\text { Cost } \
( \text { VC) }
\end{array} & \begin{array} { c } 
\text { Total Cost } \
( \boldsymbol { T C } )
\end{array} \
\hline 0 & \$ 0 & \$ 50 \
1 & 50 & 100 \
2 & 70 & 120 \
3 & 100 & 150 \
4 & 140 & 190 \
5 & & 240 \
6 & 250 & 300 \
7 & 320 & 370 \
\hline
\end{array}
\end{array}$$
-The total cost curve shows how the _____ cost depends on the quantity of _____.
A) total;fixed inputs
B) average;variable inputs
C) total;output
D) marginal;output

Quizplus · Accepted Answer

Total cost is the sum of variable cost and fixed cost. As output increases, total cost increases.

Use the Following to Answer Questions -The Total Cost Curve Shows How the _____ Cost Depends