Use the following table to answer the questions: Output Total Cost 0 24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The total variable cost of producing 5 units is: A. $61. B. $48. C. $37. D. $24

Use the following table to answer the questions: Output Total Cost 0 24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The total variable cost of producing 5 units is: A. $61. B. $48. C. $37. D. $24

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

Use the following table to answer the questions:

Output	Total Cost
0	24
1	33
2	41
3	48
4	54
5	61
6	69

Refer to the above data. The total variable cost of producing 5 units is:
A. $61.
B. $48.
C. $37.
D. $24

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