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Econ 8 Answer the question on the basis of the following cost data. Average Fixed Average Variable Output Cost Cost 1 $ 50. 00 $

Econ 8

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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 25 . 00 80.00 W N 16 . 67 66 . 67 12 .50 65 . 00 5 10. 00 68 .00 6 8. 37 73.33 7. 14 80 .00 8 6. 25 87 . 50 The total cost of seven units of output is Multiple Choice O $560.00. O $87.14. O $610.00. O $120.00

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