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Answer the question on the basis of the following cost data. Average Fixed Average Variable Output Cost Cost 1 $50.00 $100.00 2 25.00 80.00

 



Answer the question on the basis of the following cost data. Average Fixed Average Variable Output Cost Cost 1 $50.00 $100.00 2 25.00 80.00 3 16.67 66.67 4 12.50 65.00 5 10.00 68.00 6 8.37 73.33 7 7.14 80.00 8 6.25 87.50 The total cost of four units of output is

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