Table 13-14
-Refer to Table 13-14. What is the total cost of producing 7 units of output?
A)$10
B)$143
C)$153
D)$185

Question

Table 13-14 
-Refer to Table 13-14. What is the total cost of producing 7 units of output?
A)$10 
B)$143 
C)$153 
D)$185

Quizplus · Accepted Answer

To find the total cost of producing 7 units of output, we need to add the total variable cost and total fixed cost at the output level of 7. 
Total Variable Cost at output level of 7 = $119
Total Fixed Cost at output level of 7 = $34
Total Cost at output level of 7 = Total Variable Cost + Total Fixed Cost 
= $119 + $34 = $153
Therefore, the best choice is C.

Table 13-14 -Refer to Table 13-14. What Is the Total Cost of Total