The Figure Given Below Shows the Cost Curves of a Firm.Figure

question 105

Multiple Choice

The figure given below shows the cost curves of a firm.Figure 9.3
ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
-In Figure 9.3, what is the total cost of producing 140 units of the output?

• A)$40
• B)$55
• C)$300
• D)$5,600
• E)$7,700

---

Definitions:

Contagion Theory

A theory suggesting that ideas, attitudes, and emotions can spread through populations as if they were contagious diseases.

Emergent Norm

Newly established standards of behavior that emerge in group settings in response to novel situations or challenges.

Leg Warmers

Clothing accessories worn on the lower legs, originally used by dancers to keep muscles warm and prevent cramping or other injuries.

Short-Lived

Describing an event, phenomenon, or object that exists or lasts for a brief period of time.