(3) (2) (1) Output 10. In the above diagram curves 1, 2, and 3 represent: A. average variable cost, marginal cost, and average fixed cost respectively. B. variable cost, fixed cost, and total cost respectively. C. fixed cost, variable cost, and total cost respectively. D. marginal product, average variable cost, and average total cost respectively. Answer the next question(s) on the basis of the following cost data: Average Average Fixed Cost Variable Output $50.00 25.00 Cost $100.00 80.00 16.67 66.67 65.00 68.00 73,33 80.00 12.50 10.00 8.37 7.14 6.25 87.50 11. Refer to the above data. Total fixed cost is: A. $6.25. B. $100.00. C. $150.00. D. $50.00. 12. Refer to the above data. The average total cost of five units of output is: A. $69. B. $78. C. $3. D. $10. Costs

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