Output (Q) Fixed Variable Total Costs Average Average Average Marginal (Instructional Costs Costs (VC) (TC) Fixed Cost Variable Total Cost Cost (MC) Modules per (FC) (AFC) Cost (AVC) (ATC) Month) 0 B = A= $100 XXXXXXXX XXXXXXXX XXXXXXX XXXXXX 10 B = $140 D1 = C1= D2= D3 = D4 = 20 B= F1= F2 = C2= $12 F3= F4 = 30 H2 = H1 = C3 = H3 = 7 H4 = $11 40 B = $520 E1 = C4 = E2= E3 = E4= 50 B = G2= G1= C5 = G3 = $16.40 G4 = 2 Points 4 Points 5 Points 2 Points 3 Points 3 Points 4 Points Table#1: Varieties of Costs 1.(1 Point) The marginal cost is at a minimum in Table#1 when: A) The first 10 units are produced. B) Output increases from 10 units to 20 units. C) Output increases from 20 units to 30 units. D) Output increases from 30 units to 40 units. Answer: 2.(1 Point) In Table#1, the average total cost occurs at a production rate of: A) 10 units per day. B) 20 units per day. C) 30 units per day. D) 40 units per day