Question: Average and marginal cost (AC and MC) $320 00 Average cost (AC) -Marginal cost (MC) $200 00 $160 00 $140 00 $120 0 $100 00

Average and marginal cost (AC and MC) $320 00 Average cost

Average and marginal cost (AC and MC) $320 00 Average cost (AC) -Marginal cost (MC) $200 00 $160 00 $140 00 $120 0 $100 00 $40.00 $60.00 $40.00 $20.00 $0.DO 2 10 11 12 13 14 15 16 17 180 19 20 21 22 23 24 25 26 27 28 29 30 Output: quantity (q) The graph shows the AC (blue line) and MC (red line) for a firm. What is the AC if output is 25? (Click nearest answer.) O 40 O 60 O 80 100

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