9. Working with Numbers and Graphs Q9 If total variable cost is $120 and average variable cost is $10, quantity of output equals units. Now, consider the following data: Quantity of Output Total Cost (Units) (Dollars) 3 60 4. 75 The marginal cost of producing the fourth unit is s If total variable cost is $18 when quantity of output equals three units, then average fixed cost is s at this quantity. Which of the following must continuously decrease as quantity of output increases? O Marginal cost O Average variable cost O Average fixed cost

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9. Working with Numbers and Graphs Q9
If total variable cost is $120 and average variable cost is $10, quantity of output equals
units.
Now, consider the following data:
Quantity of Output
Total Cost
(Units)
(Dollars)
3
60
4.
75
The marginal cost of producing the fourth unit is s
If total variable cost is $18 when quantity of output equals three units, then average fixed cost is s
at this quantity.
Which of the following must continuously decrease as quantity of output increases?
O Marginal cost
O Average variable cost
O Average fixed cost
Transcribed Image Text:9. Working with Numbers and Graphs Q9 If total variable cost is $120 and average variable cost is $10, quantity of output equals units. Now, consider the following data: Quantity of Output Total Cost (Units) (Dollars) 3 60 4. 75 The marginal cost of producing the fourth unit is s If total variable cost is $18 when quantity of output equals three units, then average fixed cost is s at this quantity. Which of the following must continuously decrease as quantity of output increases? O Marginal cost O Average variable cost O Average fixed cost
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