Given the information in the table, total variable costs at 5 units of production are
$\begin{array}{|l|l|l|l|}
\hline \boldsymbol{Q} & \boldsymbol{T C} & \boldsymbol{M C} & \boldsymbol{A V C} \
\hline 0 & 200 & - & - \
\hline 2 & 400 & & 100 \
\hline 5 & 600 & 66.67 & 80 \
\hline 9 & 800 & 50.00 & \
\hline 12 & 1000 & 66.67 & 66.67 \
\hline 14 & 1200 & 100 & 71.43 \
\hline 15 & 1400 & 200 & 80.00 \
\hline
\end{array}$

Question

Quizplus · Accepted Answer

Total variable cost (TVC) at 5 units of production can be calculated by subtracting total fixed costs (TFC) from total costs (TC) at 5 units. From the table, TC at 5 units is $600 and TFC (TC at 0 units) is $200. Therefore, TVC = TC - TFC = $600 - $200 = $400.

Given the Information in the Table, Total Variable Costs at 5