Variable Cost Quantity (Q) Total Cost (TC) (VC) (MC) Marginal Cost Average Variable Average Total Cost (AVC) Cost (ATC) 0 $0 $300 5 $200 12 $400 18 $600 20 $800 [A] [B] [C] [D] Assume the above table represents a firm producing roof-cleaning services. What is the value of [C] in the table above? ○ $50 O $11.11 O $22.22 $900 $33.33
Variable Cost Quantity (Q) Total Cost (TC) (VC) (MC) Marginal Cost Average Variable Average Total Cost (AVC) Cost (ATC) 0 $0 $300 5 $200 12 $400 18 $600 20 $800 [A] [B] [C] [D] Assume the above table represents a firm producing roof-cleaning services. What is the value of [C] in the table above? ○ $50 O $11.11 O $22.22 $900 $33.33
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Variable Cost
Quantity (Q)
Total Cost (TC)
(VC)
(MC)
Marginal Cost Average Variable Average Total
Cost (AVC) Cost (ATC)
0
$0
$300
5
$200
12
$400
18
$600
20
$800
[A]
[B]
[C]
[D]
Assume the above table represents a firm producing roof-cleaning services. What is the value of [C] in the
table above?
○ $50
O $11.11
O $22.22
$900
$33.33](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca2bf6b7-3849-4091-8399-0ca299f07916%2Fcab82e5b-e098-4f95-a6e0-347d8f523ad0%2Foxcgob_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Variable Cost
Quantity (Q)
Total Cost (TC)
(VC)
(MC)
Marginal Cost Average Variable Average Total
Cost (AVC) Cost (ATC)
0
$0
$300
5
$200
12
$400
18
$600
20
$800
[A]
[B]
[C]
[D]
Assume the above table represents a firm producing roof-cleaning services. What is the value of [C] in the
table above?
○ $50
O $11.11
O $22.22
$900
$33.33
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