The Table Below Shows Output,marginal Cost,and Average Variable Cost for the Production

question 46

Multiple Choice

The table below shows output,marginal cost,and average variable cost for the production of pairs of shoes.All costs are in dollars. $$\begin{array} { | c | c | c | } \hline \text { Output } & \begin{array} { c } \text { Marginal } \\\text { Cost }\end{array} & \begin{array} { c } \text { Average } \\\text { Variable Cost }\end{array} \\\hline 50 & 60 & 140 \\\hline 70 & 45 & 115 \\\hline 90 & 35 & 95 \\\hline 110 & 30 & 80 \\\hline 130 & 35 & 65 \\\hline 150 & 60 & 60 \\\hline 170 & 105 & 65 \\\hline 190 & 180 & 75 \\\hline 210 & 230 & 90 \\\hline 230 & 290 & 110 \\\hline\end{array}$$ TABLE 7- 6
-Refer to Table 7- 6.If the firm produces 130 pairs of shoes,and the fixed cost is $550,then the firm's total cost is

• A)$12 000.
• B)$7000.
• C)$8000.
• D)$10 000.
• E)$9000.

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Definitions:

Crustaceans

A diverse group of aquatic animals within the arthropod phylum including crabs, lobsters, crayfish, shrimp, and barnacles, characterized by a hard exoskeleton and jointed limbs.

Gravity

The natural force of attraction exerted by a celestial body (such as Earth) on objects that are on or near its surface, drawing them toward the center of the body.

Mandibles

The lower jaws or jawbones of vertebrates, or the pair of mouthparts in arthropods used for biting and grinding food.

Gills

Respiratory organs found in many aquatic organisms, allowing for the exchange of oxygen and carbon dioxide with water.