Assume the Following Cost Information About Fred's Widget Company: Its

question 18

Multiple Choice

Assume the following cost information about Fred's widget company: Its fixed cost is $27,and its total variable cost is $18 for 1 unit; $33 for 2; $45 for 3; $60 for 4; and $78 for 5.Given this information:

• A) average fixed cost rises from an output of four to an output of five.
• B) average fixed cost is greater than marginal cost for the second unit produced.
• C) the output level which minimizes average total cost is four units.
• D) average variable cost rises, but average total cost falls, as output increases from four to five.

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