The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank.

-Refer to the table above.What is the total cost of producing 5 units of output?

Question

The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank.
 
-Refer to the table above.What is the total cost of producing 5 units of output?

Quizplus · Accepted Answer

To find the total cost of producing 5 units of output, we need to look at the Total Cost column and find the corresponding value in the row where output is 5. We can see that the total cost of producing 5 units of output is $110. Therefore, the correct choice is C.

The Following Table Shows the Total Output, Variable Costs, Fixed