Refer to the following:

$\begin{array}{rr}
\text { Output } & \text { Total Cost } \
\hline 0 & \$ 300 \
50 & 800 \
100 & 1050 \
150 & 1650 \
200 & 2400
\end{array}$
-What is total variable cost when 100 units of output are produced?
A) $5
B) $10.50
C) $105
D) $1050
E) none of the above

Question

Refer to the following:

$\begin{array}{rr}
\text { Output } & \text { Total Cost } \
\hline 0 & \$ 300 \
50 & 800 \
100 & 1050 \
150 & 1650 \
200 & 2400
\end{array}$
-What is total variable cost when 100 units of output are produced?
A) $5
B) $10.50
C) $105
D) $1050
E) none of the above

Quizplus · Accepted Answer

The total variable cost is the total cost minus the fixed cost. The fixed cost is $300 (the total cost when output is 0). At 100 units, the total cost is $1050, so the variable cost is $1050 - $300 = $750.

Refer to the Following Output Total Cost 0$30050800100105015016502002400\begin{array}{rr}\text { Output } & \text { Total Cost } \\\hline 0 & \$ 300 \\50 & 800 \\100 & 1050 \\150 & 1650 \\200 & 2400\end{array} Output 050100150200​ Total Cost $300800105016502400​​

Refer to the Following $\begin{array}{rr}\text { Output } & \text { Total Cost } \\\hline 0 & \$ 300 \\50 & 800 \\100 & 1050 \\150 & 1650 \\200 & 2400\end{array}$