Question: Consider the cost function given in the graph below. Which statement best describes the fixed and variable costs of this function? $ C(q) 300 200

Consider the cost function given in the graph below. Which statement best describes the fixed and variable costs of this function? $ C(q) 300 200 100 9 5 10 15 20 25 30 The fixed costs are approximately $75 and the variable cost is approximately $7.50 O The fixed costs are approximately $50 and the variable cost is approximately $5.50 The fixed costs are approximately $75 and the variable cost is approximately $15 O The fixed costs are approximately $75 and the variable cost is approximately $2.50
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