The Glow-In-The-Dark Lamp Company Produces 3

Multiple Choice

The Glow-in-the-Dark Lamp Company produces 3.2 million light bulbs per year at a per unit cost of $0.50.If its total variable cost is $1.2 million,its

A) marginal cost is $0.375.
B) total fixed cost is $400,000.
C) average variable cost is $0.50.
D) total cost is $6.4 million.
E) average fixed cost is $0.40.