Question: table [ [ Output , table [ [ Average ] , [ Fixed ] , [ Cost ] ] , Average Variable Cost
tableOutputtableAverageFixedCostAverage Variable Cost$$
Refer to the above data. The total cost of four units of output is:
A $
B $
C $
D $
Refer to the above data. If the firm shut down and produced zero units of output, its total cost would be:
A zero.
B $
C $
D $
Refer to the above data. The marginal cost of the fifth unit of output is:
A $
B $
C $
D $
Refer to the above data. The marginal cost curve would intersect the average variable cost curve at about:
A units of output.
B units of output.
C units of output.
D units of output.
Refer to the above data. If the firm decided to increase its output from to units, its total costs would rise by:
A $
B $
C $
D $
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