Question: table [ [ Output , table [ [ Average ] , [ Fixed ] , [ Cost ] ] , Average Variable Cost

\table[[Output,\table[[Average],[Fixed],[Cost]],Average Variable Cost],[1,$50.00,$100.00],[2,25.00,80.00],[3,16.67,66.67],[4,12.50,65.00],[5,10.00,68.00],[6,8.37,73.33],[7,7.14,80.00],[8,6.25,87.50]]
|13. Refer to the above data. The total cost of four units of output is:
A. $260.
B. $77.50.
C. $310.
D. $215.
14. Refer to the above data. If the firm shut down and produced zero units of output, its total cost would be:
A. zero.
B. $50.
C. $150.
D. $100.
15. Refer to the above data. The marginal cost of the fifth unit of output is:
A. $3.
B. $62.
C. $80.
D. $78.
16. Refer to the above data. The marginal cost curve would intersect the average variable cost curve at about:
A.2 units of output.
B.4 units of output.
C.6 units of output.
D.7 units of output.
17. Refer to the above data. If the firm decided to increase its output from 6 to 7 units, its total costs would rise by:
A. $87.14.
B. $80.00.
C. $6.67.
D. $120.00.
\ table [ [ Output , \ table [ [ Average ] , [

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