The figure given below shows the cost curves of a firm. Figure 22.3 ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
In Figure 22.3, 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 22.3  ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
In Figure 22.3, 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 22.3  ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
In Figure 22.3, 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