$\text { Table } 30 \mathrm{a}$
$\begin{array}{|rrr|}
\hline \text { Output } & {\text { Fixed Costs }} & \text { Variable Costs } \
\hline 0 & \$ 200 & \$ 0 \
\hline 1 & \$ 200 & \$ 100 \
\hline 2 & \$ 200 & \$ 225 \
\hline 3 & \$ 200 & \$ 375 \
\hline 4 & \$ 200 & \$ 550 \
\hline 5 & \$ 200 & \$ 750 \
\hline 6 & \$ 200 & \$ 975 \
\hline 7 & \$ 200 & \$ 1,225 \
\hline 8 & \$ 200 & \$ 1,500 \
\hline
\end{array}$
-Using the data in Table 30a, find the total cost of producing 8 units of output.
A) $200
B) $1,500
C) $1,700
D) $212.50

Question

Quizplus · Accepted Answer

Total cost = Fixed costs + Variable costs
When 8 units of output are produced, the fixed cost is still $200, and the variable cost is $1,500. Therefore, the total cost is $1,700 (total cost = $200 + $1,500).

Table 30a\text { Table } 30 \mathrm{a} Table 30a -Using the Data in Table 30a, Find the Total Cost

$\text { Table } 30 \mathrm{a}$ -Using the Data in Table 30a, Find the Total Cost