Question: 26. Which of the following is correct at 4 units of output? O AFC = 0.06; AVC = 0.02; ATC= 0.08 AFC = 17.50;

26. Which of the following is correct at 4 units of output?

26. Which of the following is correct at 4 units of output? O AFC = 0.06; AVC = 0.02; ATC= 0.08 AFC = 17.50; AVC = 52.50; ATC = 70 O AFC = 70; AVC = 21; ATC = 91 AFC = 280; AVC = 840; ATC= 1,320 Output Fixed Quantity Costs Q FC 0 70 1 70 2 70 3 70 4 70 5 70 Variable Costs VC 0 40 70 120 210 330 Total Average Fixed Costs Cost, TC AFC Average Variable Cost AVC Average Total Cost ATC

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