Use the following to answer questions:
-(Table: Output and Costs) Look at the 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 questions: 
-(Table: Output and Costs) Look at the 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 is calculated by subtracting total fixed cost from total cost. If total cost at output 4 is $68 and total fixed cost is $20, then total variable cost is $68 - $20 = $48.

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