The Table Given Below Shows the Average Total Cost of Production

question 30

Multiple Choice

The table given below shows the average total cost of production of a firm at different levels of the output. Table 7.5
In Table 7.5, if the total fixed cost is $3, what is the total variable cost of producing 5 units?

• A)$38
• B)$32
• C)$3
• D)$8
• E)Cannot be determined from the information given.

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