Short run data for Doug's Oar Factory
-What is the total variable cost for Doug's Oar Factory?
A) 672, 1120, 1344, 1680, 2240,3360
B) 680, 700, 1080, 1092, 2320, 3180
C) 680, 1680, 2240, 3180, 3360, 4200
D) 680, 1080, 1560, 2320, 3180, 4200
E) 740, 780, 828, 904, 990, 1092

Question

Short run data for Doug's Oar Factory 
-What is the total variable cost for Doug's Oar Factory?
A) 672, 1120, 1344, 1680, 2240,3360 
B) 680, 700, 1080, 1092, 2320, 3180 
C) 680, 1680, 2240, 3180, 3360, 4200 
D) 680, 1080, 1560, 2320, 3180, 4200 
E) 740, 780, 828, 904, 990, 1092

Quizplus · Accepted Answer

The total variable cost data for Doug's Oar Factory is given as: 
- Q = 0: TC = $680
- Q = 100: TC = $1,080
- Q = 200: TC = $1,560
- Q = 300: TC = $2,320
- Q = 400: TC = $3,180
- Q = 500: TC = $4,200

From this data, we can see that the variable cost increases as output (Q) increases. The best choice would be D as it includes all the correct values for total variable cost.

Short Run Data for Doug's Oar Factory