-Using the above table, the TVC, the TC, and the MC when output is 4 units are
A) $67, $72, and $22, respectively.
B) $16.75, $21.75, and $22, respectively.
C) $16.75, $21.75, and $30, respectively.
D) $67, $62, and $22, respectively.

Question

-Using the above table, the TVC, the TC, and the MC when output is 4 units are
A) $67, $72, and $22, respectively. 
B) $16.75, $21.75, and $22, respectively. 
C) $16.75, $21.75, and $30, respectively. 
D) $67, $62, and $22, respectively.

Quizplus · Accepted Answer

The Total Variable Cost (TVC) is $67, the Total Cost (TC) is $72, and the Marginal Cost (MC) is $22 when the output is 4 units.

-Using the Above Table, the TVC, the TC, and the MC