Consider the Following Total Cost Schedule for a Perfectly Competitive

question 125

Multiple Choice

Consider the following total cost schedule for a perfectly competitive firm producing ball- point pens. $$\begin{array}{l}\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Output } \\\text { per period }\end{array} & \text { TVC } ( \$ ) & \text { TFC } ( \$ ) \\\hline 0 & 0 & 5 \\\hline 10 & 2 & 5 \\\hline 20 & 3 & 5 \\\hline 30 & 6 & 5 \\\hline 40 & 10 & 5 \\\hline 50 & 15 & 5 \\\hline\end{array}\\\text { TABLE 9- } 3\end{array}$$
-Refer to Table 9- 3. If this firm were producing at an output level of 30 units, the AFC would be
And the AVC would be .

• A) $0.10; $0.30
• B) $0.17; $0.20
• C) $0.20; $0.17
• D) $5; $6
• E) $6; $5

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