9.3 Short-Run Decisions Assume the Following Total Cost Schedule for a Perfectly Competitive

question 123

Multiple Choice

9.3 Short-Run Decisions
Assume the following total cost schedule for a perfectly competitive firm.
TABLE 9-2
-Refer to Table 9-2.If the firm is producing at an output level of 6 units,the ATC is ________ and the AVC is ________.

• A)$55; $16.67
• B)$38.33; $16.67
• C)$80; $55
• D)$55; $80
• E)$71.67; $55