Solved

Refer to Table 21 The Total Cost of 3 Units of Output in Table

Question 48

Multiple Choice

Refer to Table 21.5: Table 21.5
QTFCTVCTC AVC  MC 01512324315\begin{array} { | c | c | c | c | c | c | } \hline \mathrm { Q } & \mathrm { TFC } & \mathrm { TVC } & \mathrm { TC } & \text { AVC } & \text { MC } \\\hline 0 & & & 15 & - & - \\\hline 1 & & & 23 & & \\\hline 2 & & & & & 4 \\\hline 3 & & 15 & & & \\\hline\end{array} The total cost of 3 units of output in Table 21.5 is


A) $30.
B) $15.
C) $23.
D) $38.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions