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Basketball TC 103 105 109 114 On the basis of the information in the table above, where TC stands for total costs, and the assumption

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Basketball TC 103 105 109 114 On the basis of the information in the table above, where TC stands for total costs, and the assumption that total fixed costs are 100, which of the following is correct statement about the costs of basketball production? Select one: O The marginal cost of the first basketball is 103. O The marginal cost curve rises and then falls. O The total variable cost when three units are produced is 17. O The marginal cost curve falls and then rises. O The marginal cost of the fourth basketball is 14

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