(Figure: Average Total Cost and Quantity of Output II) Which of the following statements is (are) TRUE? I. The average cost at 2 units of output is $8.
II) The marginal cost between 2 and 5 units of output is constant.
III) The average cost at 9 units of output is $12.
A) I and II
B) II
C) III
D) I

Question

(Figure: Average Total Cost and Quantity of Output II) Which of the following statements is (are) TRUE?  I. The average cost at 2 units of output is $8.
II) The marginal cost between 2 and 5 units of output is constant.
III) The average cost at 9 units of output is $12.
A) I and II 
B) II 
C) III 
D) I

Quizplus · Accepted Answer

The Answer of (Figure: Average Total Cost and Quantity of Output II) Which of the following statements is (are) TRUE?  I. The average cost at 2 units of output is $8.
II) The marginal cost between 2 and 5 units of output is constant.
III) The average cost at 9 units of output is $12.
A) I and II 
B) II 
C) III 
D) I