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Question 11 In the table below, Q is Quantity, TC is Total Cost, TVC is Total Variable Cost, AVC is Average Variable Cost, AC is
Question 11 In the table below, Q is Quantity, TC is Total Cost, TVC is Total Variable Cost, AVC is Average Variable Cost, AC is Average Total Cost, and MC is Marginal Cost (all expressed in dollars). Use your knowledge of production costs to replace letters A to J with their corresponding values. Q TC TVC AVC ATC MC O 60 70 10 A 70 10 80 B 10 40 10 W 90 30 C D E 4 104 F G 26 H UT 120 60 12 24 16 6 150 - 25 30 Which of the following alternatives is correct? (a) A = 10, B = 20, C = 20, D = 30, and E = 20 (b) A = 10, B = 20, C = 10, D = 30, and E = 10 (c) A = 20, B = 10, C = 30, D = 10, and E = 10 (d) A = 20, B = 10, C = 10, D = 30, and E = 30
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