Use the following to answer question:
-(Table: Output and Costs)Use Table: Output and Costs.When output is 4,total variable cost equals:
A)$48.
B)$38.
C)$58.
D)$28.

Question

Use the following to answer question: 
-(Table: Output and Costs)Use Table: Output and Costs.When output is 4,total variable cost equals:
A)$48. 
B)$38. 
C)$58. 
D)$28.

Quizplus · Accepted Answer

Total Variable Cost (TVC) increases as output increases. At an output of 4, the TVC is $48, as it is the cost associated with producing that level of output excluding any fixed costs.

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