Answer the Question on the Basis of the Accompanying Table

question 198

Multiple Choice

Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10. $\begin{array}{|c|c|}\hline \text { Output } & \text { ATC } \\\hline 1 & \$ 40 \\\hline 2 & 27 \\\hline 3 & 29 \\\hline 4 & 31 \\\hline 5 & 38 \\\hline\end{array}$ The total cost of producing 4 units of output is

• A) $31.
• B) $87.
• C) $124.
• D) $137.

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Definitions:

Deindustrialization

The process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, often leading to economic diversification.

Automated Phone Systems

Computerized telephone systems used by businesses to direct calls to the appropriate department or provide information without a human operator.

Robotic Assembly Line

Automated manufacturing processes in which robots and machinery assemble parts and products with minimal human intervention.

Self-Checkout Lines

Automated systems in retail environments that allow customers to scan, bag, and pay for their purchases without human assistance.