Hello,

Can someone please help me with this multiple choice economics question?

Question 2 350,000 Not yet saved Marked out of 1.00 240,000 Flag question Total cost of production, C(Q) ($) 140,000 80,000 F 20 40 60 Quantity of cars, Q The diagram above represents the total production cost of a car manufacturer. Which of the following statements correctly describes the cost of production? Select one: O a. The average cost increases and then decreases as total output increases. O b. The marginal cost decreases as total output increases. O c. The average cost when producing 40 cars is $140,000. O d. Production of cars requires $80,000 as fixed costs. O e. The average cost when producing 60 cars is $4,000