The Figure Given Below Shows the Cost Curves of a Firm

question 34

Multiple Choice

The figure given below shows the cost curves of a firm. Figure 22.3 ATC: Average Total Cost
AVC: Average Variable Cost
MC: Marginal Cost
In Figure 22.3, what is marginal cost at a quantity of 120 units?

• A)$35
• B)$40
• C)$55
• D)$60
• E)$4, 800

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