The table below contains information about the production, costs and profits of a firm.

The price faced by the firm in a perfectly competitive market is $70 per unit. The average total cost of production when the firm produces 6 units of output is

a.

$33.40

b.

$38.67

c.

$32.25

d.

$38.00

e.

$31.00

f.

$44.00

g.

$52.00

h.

$29.71

Total Total Average Average Average Marginal Output Fixed Variable Variable Fixed Total Costs Costs Costs Costs Costs Costs 0 28.00 1 40.00 2 36.00 W 28.00 4 20.00 U 15.00 19.00 22.00 8 50.00 9 90.00 10 110.00