Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
referring to the cost table above, what is the total cost if quantity produced equals 100 units?
a. $150
b.$18,000
c.$180
d.$30
![Output Fixed
Cost
Average
Fixed Cost
Variable
Cost
Average
Variable Cost
Total
Cost
Average
Total Cost
Marginal
Cost
$15,000
$0
100
$15,000
$3,000
200
$15,000
$5,000
300
$15,000
$6,000
400
$15,000
$8,000
500
$15,000
$12,000
Referring to the cost table above, what is the Total Cost if quantity produced
equals 100 units?
O $150
O $18,000
O $180
$30](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F754ff730-fe82-4675-92c3-35bf56a05328%2F86ce9df7-ec66-4794-98fa-377d8e05629b%2Fgexfwr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Output Fixed
Cost
Average
Fixed Cost
Variable
Cost
Average
Variable Cost
Total
Cost
Average
Total Cost
Marginal
Cost
$15,000
$0
100
$15,000
$3,000
200
$15,000
$5,000
300
$15,000
$6,000
400
$15,000
$8,000
500
$15,000
$12,000
Referring to the cost table above, what is the Total Cost if quantity produced
equals 100 units?
O $150
O $18,000
O $180
$30
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