The Figure Given Below Shows the Average Fixed Cost (AFC)

question 34

Multiple Choice

The figure given below shows the average fixed cost (AFC) and the average variable cost (AVC) curves of a competitive firm.Figure 8.1

-Refer to Figure 8.1. Compute the total cost of producing 4 units of the output.

• A)$64
• B)$72
• C)$80
• D)$84
• E)$90

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