Question: 76. Given the following information about the cost function for Bob's Beautiful Bowling Balls: Output Total Total Total Average Average Average Marginal Fixed Variable Costs

76. Given the following information about the cost function for Bob's

76. Given the following information about the cost function for Bob's Beautiful Bowling Balls: Output Total Total Total Average Average Average Marginal Fixed Variable Costs Fixed Variable Total Cost Costs Costs Cost Cost Cost 1 10 60 2 100 3 120 4 128 5 180 6 252 7 3 16 8 436 Which of the following is true? a. The marginal cost of the 4:1: unit is lower than for any other unit. b. AVC falls through the first ve units of output. c. The total cost of producing 5 units is $230. d. The average fixed cost of producing 3 units is $200. e. None of the above is true

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