Exhibit 11-5 Refer to Exhibit 11-5.At a quantity of five units of output,____ represents total cost,____ represents total fixed cost,and ____ represents total variable cost.

Question

Exhibit 11-5  Refer to Exhibit 11-5.At a quantity of five units of output,____ represents total cost,____ represents total fixed cost,and ____ represents total variable cost.

Quizplus · Accepted Answer

At a quantity of five units of output, X represents total cost, Z represents total fixed cost, and Y represents total variable cost. Total cost (X) is the sum of total fixed cost (Z) and total variable cost (Y). Therefore, option C is the correct answer.