The variable cost for the small business is shown below. What is the marginal cost and average cost at a volume of 14 units? $8000 $6000 $4000 $2000 $200/unit Volume marginal cost: $200/unit, average cost: $476/unit O marginal cost: $200/unit, average cost: $300/unit O None of them marginal cost: $300/unit, average cost: $800/unit $300/unit 10 Total cost Variable cost Fixed cost- 15

The variable cost for the small business is shown below. What is the marginal cost and average cost at a volume of 14 units? $8000 $6000 $4000 $2000 $200/unit Volume marginal cost: $200/unit, average cost: $476/unit O marginal cost: $200/unit, average cost: $300/unit O None of them marginal cost: $300/unit, average cost: $800/unit $300/unit 10 Total cost Variable cost Fixed cost- 15

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The variable cost for the small business is shown below. What is the marginal cost and
average cost at a volume of 14 units?
Cost
$8000
$6000
$4000
$2000
$200/unit
Volume
marginal cost: $200/unit, average cost: $476/unit
O marginal cost: $200/unit, average cost: $300/unit
O None of them
marginal cost: $300/unit, average cost: $800/unit
$300/unit
10
Total
cost
Variable cost
Fixed cost
15

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