Reference no: EM131778348

Question: Use the following information to answer questions 1-5

UNITS OF OUTPUT ....TOTAL COST

0 ..................................$100

1.................................. $130

2.................................. $158

3 ..................................$183

4 .................................$210

5.................................. $250

1) Marginal cost of producing the third unit is:

A) $183

B) $40

C) $393

D) $27

E) none of the above.

2) Average total cost of producing five units of output is:

A) $40

B) $250

C) $50

D) $30

E) none of the above.

3) Average fixed cost of producing four (4) units of output is

A) $100

B) $25

C) $20

D) $210

E) none of the above.

4) Average variable cost of producing the fifth (5) unit is:

A) $25

B) $30

C) $50

D) $250

E) none of the above.

5) Total cost of producing 2 units is:

A) $28.

B) $70.

C) $58.

D) $158.

E) none of the above.