Question: Use the following information to answer questions 1-5
UNITS OF OUTPUT ....TOTAL COST
0 ..................................$100
1.................................. $130
2.................................. $158
3 ..................................$183
4 .................................$210
5.................................. $250
1) Marginal cost of producing the third unit is:
A) $183
B) $40
C) $393
D) $27
E) none of the above.
2) Average total cost of producing five units of output is:
A) $40
B) $250
C) $50
D) $30
E) none of the above.
3) Average fixed cost of producing four (4) units of output is
A) $100
B) $25
C) $20
D) $210
E) none of the above.
4) Average variable cost of producing the fifth (5) unit is:
A) $25
B) $30
C) $50
D) $250
E) none of the above.
5) Total cost of producing 2 units is:
A) $28.
B) $70.
C) $58.
D) $158.
E) none of the above.