The value of U in the chart below is
$\begin{array}{|l|l|l|l|l|l|l|}
\hline \text { Quantity } & F C & V C & T C & M C & \text { AVC } & \text { ATC } \
\hline & & \text { U } & 24 & -. & & 8 \
\hline 4 & 12 & & & 4 & & Z \
\hline
\end{array}$

Question

The value of U in the chart below is
$\begin{array}{|l|l|l|l|l|l|l|}
\hline \text { Quantity } & F C & V C & T C & M C & \text { AVC } & \text { ATC } \
 \hline & & \text { U } & 24 & -. & & 8 \
\hline 4 & 12 & & & 4 & & Z \
\hline
\end{array}$

Quizplus · Accepted Answer

The Total Cost (TC) is the sum of Fixed Cost (FC) and Variable Cost (VC). Given that TC is 24 and FC is 12, VC (U) must be 12.

The Value of U in the Chart Below Is A) 0 B) 8 C) 12 D) 24

The Value of U in the Chart Below Is A) 0
B) 8
C) 12
D) 24