If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is $81.25, then the total cost at this output level is: Group of answer choices $97.78 $93.75 $880 $750

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
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If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is $81.25, then the total cost at this output level is:

Group of answer choices
$97.78
$93.75
$880
$750
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