The figure given below shows the average fixed cost (AFC) and the average variable cost (AVC) curves of a competive firm. Figure 7.1
- Refer to Figure 7.1.Compute the total cost of producing 4 units of the output.
A)$64.
B)$72.
C)$80.
D)$84.
E)$90.

Question

The figure given below shows the average fixed cost (AFC) and the average variable cost (AVC) curves of a competive firm. Figure 7.1 
- Refer to Figure 7.1.Compute the total cost of producing 4 units of the output.
A)$64. 
B)$72. 
C)$80. 
D)$84. 
E)$90.

Quizplus · Accepted Answer

The total cost of producing 4 units is $80, as indicated by the cost data provided in Figure 7.1.

The Figure Given Below Shows the Average Fixed Cost (AFC)