Use the Following to Answer Questions -(Table: Total Cost Data)Use Table: Total Cost Data

question 27

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Total Cost Data }\\\begin{array} { c c c } \hline \begin{array} { c } \text { Quantity of } \\\text { Output }\end{array} & \begin{array} { c } \text { Variable } \\\text { Cost } \\( \text { VC) }\end{array} & \begin{array} { c } \text { Total Cost } \\( \boldsymbol { T C } ) \end{array} \\\hline 0 & \$ 0 & \$ 50 \\1 & 50 & 100 \\2 & 70 & 120 \\3 & 100 & 150 \\4 & 140 & 190 \\5 & & 240 \\6 & 250 & 300 \\7 & 320 & 370 \\\hline\end{array}\end{array}$$
-(Table: Total Cost Data) Use Table: Total Cost Data.What is the fixed cost for this bicycle firm?

• A) $40
• B) $50
• C) $100
• D) $70

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