Scenario 14-2 The Information Below Applies to a Competitive Firm That Sells

Scenario 14-2
The information below applies to a competitive firm that sells its output for $45 per unit.
• When the firm produces and sells 120 units of output, its average total cost is $23.5.
• When the firm produces and sells 121 units of output, its average total cost is $23.65.
-Refer to Scenario 14-2. Let Q represent the quantity of output. Which of the following magnitudes has the same value at Q = 120 and at Q = 121?

A) Average fixed cost
B) Average revenue
C) Total cost
D) Total revenue