Question: Use the following table to answer the questions: Output 0 Total Cost 24 2 33 3 41 4 48 5 54 6 61 69 A.

Use the following table to answer the questions: Output 0 Total Cost 24 2 33 3 41 4 48 5 54 6 61 69 A. $61. 14. Refer to the above data. The total variable cost of producing 5 units is: B. $48. C. $37. D. $24 15. Refer to the above data. The average total cost of producing 3 units of output is: A. $14. B. $12. C. $13.50. D. $16. 16. Refer to the above data. The average fixed cost of producing 3 units of output is: A. $8. B. $7.40. C. $5.50. D. $6. 17. Refer to the above data. The marginal cost of producing the sixth unit of output is: A. $24. B. $12. C. $16. D. $8

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