9.3 Short-Run Decisions Assume the Following Total Cost Schedule for a Perfectly Competitive

Multiple Choice

9.3 Short-Run Decisions
Assume the following total cost schedule for a perfectly competitive firm.
TABLE 9-2
-Refer to Table 9-2.If the firm is producing at an output level of 4 units,the ATC is ________ and the AVC is ________.

A) $280; $180
B) $25; $45
C) $70; $45
D) $70; $35
E) $180; $100