Notice the Costs of Production for a Firm in the Table

question 78

Multiple Choice

Notice the costs of production for a firm in the table below. What are the total costs for outputs of 7 units and 8 units respectively?

• A)$20.12; $19.33
• B)$17.25; $18.32
• C)$19.33; $20.12
• D)$9.33; $10.12

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Definitions:

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