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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Definitions:

Wind-blown Sands

Sands transported and deposited by the wind, often forming dunes in deserts and coastal regions.

Oldest Unit

In geology, this refers to the earliest-formed rock or stratum in a sequence, indicating the beginning of the geological history of an area.

Bedrock

The solid rock layer beneath the surface soil and loose materials, forming the foundation for the Earth's surface landscapes.

Steep Mountain Front

A steep mountain front is a pronounced topographical feature where the slope of a mountain is dramatically steeper, often marking the boundary between differing geological formations.