The Figure Given Below Shows the Cost Curves of a Firm

question 99

Multiple Choice

The figure given below shows the cost curves of a firm. Figure 8.3
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 8.3,what is the total cost of producing 140 units of the output?

• A)$40
• B)$55
• C)$300
• D)$5,600
• E)$7,700

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