The Table Below Provides Information on Output Per Month and Short-

question 45

Multiple Choice

The table below provides information on output per month and short- run costs for a firm producing outdoor wooden lounge chairs. $$\begin{array}{l}\begin{array} { | l | l | l | } \hline \text { TFC } & \text { TVC } & \text { TC } \\\hline 200 & 200 & 400 \\\hline 200 & 220 & 420 \\\hline 200 & 240 & 440 \\\hline 200 & 260 & 460 \\\hline 200 & 350 & 550 \\\hline 200 & 810 & 1010 \\\hline\end{array}\\\text { TABLE 7- } 5\end{array}$$
-Refer to Table 7- 5. Given the information in the table about short- run costs, this firm would minimize the average total cost of production when producing

• A) 30 chairs.
• B) 25 chairs.
• C) 15 chairs.
• D) 20 chairs.
• E) 10 chairs.

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