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

question 3

Multiple Choice

The figure given below shows the average fixed cost (AFC) and the average variable cost (AVC) curves of a competive firm. Figure 7.1 Refer to Figure 7.1.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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