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 2 units,the ATC is ________ and the AVC is ________.

A) $100; $70
B) $70; $35
C) $50; $50
D) $140; $40
E) $85; $35