Multiple Choice
The Sunshine Corporation finds its costs are $40 when it produces no output.Its total variable costs (TVC) change with output as shown in the accompanying table.
Refer to the above information.The total cost of producing 3 units of output is:
A) $65.
B) $105.
C) $145.
D) $185.
Total costs are the sum of fixed costs and variable costs.At 3 units of output,fixed costs are $40 and variable costs are $65,so total costs are $105.
Correct Answer:
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