Use the Following to Answer Questions -The Total Cost Curve Shows How the _____ Cost Depends

question 266

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Total Cost Data }\\\begin{array} { c c c } \hline \begin{array} { c } \text { Quantity of } \\\text { Output }\end{array} & \begin{array} { c } \text { Variable } \\\text { Cost } \\( \text { VC) }\end{array} & \begin{array} { c } \text { Total Cost } \\( \boldsymbol { T C } ) \end{array} \\\hline 0 & \$ 0 & \$ 50 \\1 & 50 & 100 \\2 & 70 & 120 \\3 & 100 & 150 \\4 & 140 & 190 \\5 & & 240 \\6 & 250 & 300 \\7 & 320 & 370 \\\hline\end{array}\end{array}$$
-The total cost curve shows how the _____ cost depends on the quantity of _____.

• A) total;fixed inputs
• B) average;variable inputs
• C) total;output
• D) marginal;output

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Definitions:

Materials Management

The function responsible for planning, sourcing, moving, and storing materials required to produce goods and services.

Physical Supply

The actual, tangible products and raw materials available in the market or held by a company.

Internal Balancing

A strategy where a state increases its own power in order to counter the power of potential adversaries.