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

A) $55; $16.67
B) $38.33; $16.67
C) $80; $55
D) $55; $80
E) $71.67; $55