If the total cost of producing 4 units is $200 and $160 dollars of the $200 goes
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Question:
If the total cost of producing 4 units is $200 and $160 dollars of the $200 goes to pay for variable factors the:
Group of answer choices
a. the AVC = 40 at q=4
b. the ATC = $50 at q=4
c. AFC =20 at q=2
d. a, b, c are all true
e. a and b are true but c is not.
When output is increased from 2 to 4, cost increases from 10 to 18, the increment in cost is ........and the (approximate) marginal cost is .......
Group of answer choices
a. 4, 8
b. 8, 2
c, 8, 4
d. 2,4
e. None of the above
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