The accompanying table gives cost data for a firm that is selling in a purely competitive market. At 5 units of output, average fixed cost, average variable cost, and average total cost are
A)$10, $60, and $70, respectively.
B)$50, $40, and $90, respectively.
C)$10, $70, and $80, respectively.
D)$5, $25, and $30, respectively.

Question

The accompanying table gives cost data for a firm that is selling in a purely competitive market. At 5 units of output, average fixed cost, average variable cost, and average total cost are
A)$10, $60, and $70, respectively. 
B)$50, $40, and $90, respectively. 
C)$10, $70, and $80, respectively. 
D)$5, $25, and $30, respectively.

Quizplus · Accepted Answer

The Answer of  The accompanying table gives cost data for a firm that is selling in a purely competitive market. At 5 units of output, average fixed cost, average variable cost, and average total cost are
A)$10, $60, and $70, respectively. 
B)$50, $40, and $90, respectively. 
C)$10, $70, and $80, respectively. 
D)$5, $25, and $30, respectively.

The Accompanying Table Gives Cost Data for a Firm That