Question: Table: Total Cost Data Quantity of Output Variable Cost (VC) Total Cost (TC) 0 $0 $50 1 $50 $100 2 $70 $120 3 $100 $150

Table: Total Cost Data Quantity of Output Variable Cost (VC) Total Cost (TC) 0 $0 $50 1 $50 $100 2 $70 $120 3 $100 $150 4 $140 $190 5 $240 6 $250 $300 7 $320 $370 18. (Table: Total Cost Data) Use Table: Total Cost Data. What is the fixed cost for this bicycle firm? a. $40 b. $50 c. $100 d. $70

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