-Refer to Table 5.3. If the average variable cost is $52 for an output of 11 units, the
A) total cost of 11 units of output will be $622.
B) total variable cost is $622.
C) marginal cost of the eleventh unit is $52.
D) marginal cost of the eleventh unit is $102.
E) total variable cost is $576.

Question

-Refer to Table 5.3. If the average variable cost is $52 for an output of 11 units, the
A) total cost of 11 units of output will be $622. 
B) total variable cost is $622. 
C) marginal cost of the eleventh unit is $52. 
D) marginal cost of the eleventh unit is $102. 
E) total variable cost is $576.

Quizplus · Accepted Answer

The Answer of 
-Refer to Table 5.3. If the average variable cost is $52 for an output of 11 units, the
A) total cost of 11 units of output will be $622. 
B) total variable cost is $622. 
C) marginal cost of the eleventh unit is $52. 
D) marginal cost of the eleventh unit is $102. 
E) total variable cost is $576.