The figure given below shows the cost curves of a firm. Figure 8.3
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 8.3,what is the total cost of producing 140 units of the output?
A)$40
B)$55
C)$300
D)$5,600
E)$7,700

Question

The figure given below shows the cost curves of a firm. Figure 8.3  
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 8.3,what is the total cost of producing 140 units of the output?
A)$40 
B)$55 
C)$300 
D)$5,600 
E)$7,700

Quizplus · Accepted Answer

The Answer of The figure given below shows the cost curves of a firm. Figure 8.3  
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 8.3,what is the total cost of producing 140 units of the output?
A)$40 
B)$55 
C)$300 
D)$5,600 
E)$7,700

The Figure Given Below Shows the Cost Curves of a Firm