Answer the Question on the Basis of the Following Cost

question 106

Multiple Choice

Answer the question on the basis of the following cost data for a firm that is selling in a purely competitive market. $\begin{array}{ccccc}& \text { Average } & \text { Average } & \text { Average } & \\\text { Total } & \text { Fixed } & \text { Variable } & \text { Total } & \text { Marginal } \\\text { Output } & \text { Cost } & \text { Cost } & \text { Cost } & \text { Cost }\\\hline1 & \$ 150.00 & \$ 25.00 & \$ 175.00 & \$ 25.00 \\2 & 75.00 & 23.00 & 98.00 & 21.00 \\3 & 50.00 & 20.00 & 70.00 & 14.00 \\4 & 37.50 & 21.00 & 58.50 & 24.00 \\5 & 30.00 & 23.00 & 53.00 & 31.00 \\6 & 25.00 & 25.00 & 50.00 & 35.00 \\7 & 21.43 & 28.00 & 49.43 & 46.01 \\8 & 18.75 & 33.00 & 51.76 & 68.07 \\9 & 16.67 & 39.00 & 55.67 & 86.95 \\10 & 15.00 & 48.00 & 63.00 & 128.97\end{array}$ Refer to the data.At 3 units of output,total variable cost is ____ and total cost is ____.

• A) $20;$70
• B) $60;$210
• C) $20;$210
• D) $60;$350

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Definitions:

Infant Attachment

The emotional bond that develops between a child and a caregiver, critical to the child's emotional and social growth.

Adult Love

Complex emotional and interpersonal experiences characteristic of romantic relationships in adulthood, encompassing elements such as intimacy, commitment, and passion.

Passion

Passion refers to a strong, intense emotion or enthusiasm for something, such as a hobby, activity, or goal.

Triangular Theory

proposes that love is composed of three components: intimacy, passion, and commitment, each varying in degree across different relationships.