17. What is the cost of producing the typical unit of output? a. the rm's average total cost b. the rm's opportunity cost 0. the rm's average variable cost d. the rm's marginal cost Table 14-2 Quantity LTotal Revenue Total Cost 0 $0 $1 1 1 10 16 2 20 :2 3 30 29 4 40 37 5 50 46 6 60 56 7 70 67 s so LI9 9 90 92 18. Refer to Table 14-2. At a production level of 5 units, what do we know about marginal revenue? a. Marginal revenue is $6. b. Marginal revenue is greater than average total cost. c. Marginal revenue is less than marginal cost. d. Marginal revenue is less than average revenue. Figure 13-2 The figure depicts a total cost function for a firm that produces cookies. Total Cost Quantity of Output (# of cookies) 19. Refer to Figure 13-2. What is the relationship between input and output of a production function? a. Output increases at a decreasing rate with additional units of input. b. Output increases at an increasing rate with additional units of input. C. Output decreases at a decreasing rate with additional units of input. d. Output decreases at an increasing rate with additional units of input.ATC o. 02 0: o. 9"\"? 20. Refer to Figure 14-3. When market price is at P2, what would a rm producing output level Q1 experience? a. losses, because P2