Use the Following to Answer Question(s): Short-Run Costs

question 123

Multiple Choice

Use the following to answer question(s) : Short-Run Costs

-(Exhibit: Short-Run Costs) At 7 units of output, average fixed cost is approximately _______ , and average variable cost is approximately _______ .

• A) $100; $100
• B) $10; $135
• C) $40; $ 100
• D) $140; $140