The table below shows the total cost of producing different units of a commodity. Table 7.2

-Refer to Table 7.2.If the production of 2 extra units (units 11 and 12) increases total cost by $162,then:
A)the marginal cost of the twelfth unit will be $162.
B)the total cost of producing 12 units will be $894.
C)the average variable cost of producing 11 units is $732.
D)the average total cost of producing 12 units is $61.
E)the thirteenth unit will have to go up in price.

Question

The table below shows the total cost of producing different units of a commodity. Table 7.2
 
-Refer to Table 7.2.If the production of 2 extra units (units 11 and 12) increases total cost by $162,then:
A)the marginal cost of the twelfth unit will be $162. 
B)the total cost of producing 12 units will be $894. 
C)the average variable cost of producing 11 units is $732. 
D)the average total cost of producing 12 units is $61. 
E)the thirteenth unit will have to go up in price.

Quizplus · Accepted Answer

The Answer of The table below shows the total cost of producing different units of a commodity. Table 7.2
 
-Refer to Table 7.2.If the production of 2 extra units (units 11 and 12) increases total cost by $162,then:
A)the marginal cost of the twelfth unit will be $162. 
B)the total cost of producing 12 units will be $894. 
C)the average variable cost of producing 11 units is $732. 
D)the average total cost of producing 12 units is $61. 
E)the thirteenth unit will have to go up in price.

The Table Below Shows the Total Cost of Producing Different