Consider the Following Total Cost Schedule for a Perfectly Competitive

question 107

Multiple Choice

Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.
TABLE 9-3
-Refer to Table 9-3.If this firm were producing at an output level of 30 units,the AFC would be ________ and the AVC would be ________.

• A)$5; $6
• B)$6; $5
• C)$0.17; $0.20
• D)$0.20; $0.17
• E)$0.10; $0.30