Complete Table 21.5:
$$\begin{array}{l}
\begin{array} { l ll l l l }
Q&TFC&TVC&TC&AVC&MC\0&\_\_\_\_\_&\_\_\_\_\_&15&--&--\1&\_\_\_\_\_&\_\_\_\_\_&23&\_\_\_\_\_&\_\_\_\_\_\2&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_&4\3&\_\_\_\_\_&15&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_
\end{array}
\end{array}$$
$$\text { Table } 21.5$$ The total variable cost of 2 units of output in Table 21.5 is
A) $15.
B) $27.
C) $8.
D) $12.

Question

Complete Table 21.5:
$$\begin{array}{l}
\begin{array} { l ll l l l } 
Q&TFC&TVC&TC&AVC&MC\0&\_\_\_\_\_&\_\_\_\_\_&15&--&--\1&\_\_\_\_\_&\_\_\_\_\_&23&\_\_\_\_\_&\_\_\_\_\_\2&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_&4\3&\_\_\_\_\_&15&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_
\end{array}
\end{array}$$
$$\text { Table } 21.5$$ The total variable cost of 2 units of output in Table 21.5 is
A) $15.
B) $27.
C) $8.
D) $12.

Quizplus · Accepted Answer

The total cost (TC) for 2 units is not given, but the marginal cost (MC) for the second unit is $4. Since TC = TFC + TVC, and MC is the change in TC, the TVC for 2 units can be calculated as $12, assuming TFC is constant.

Complete Table 21 Table 21.5\text { Table } 21.5 Table 21.5 The Total Variable Cost of 2 Units of Output in }

Complete Table 21 $\text { Table } 21.5$ The Total Variable Cost of 2 Units of Output in }