OutputTFCTVCTCMCАТСA2525---- ------ --B12525502550C225406532.53257095E42511033.75F52516050What is the total cost at point E?135125185Cannot be determined

Answer to the question is as follows :EXPLANATION : At point E , the output is 4 units. When 4 units of output is produced , the Total Fixed Cost (TFC) is $25 and Total Variable Cost ( TVC) = $110. Now , Total Cost ( TC ) is the sum of the Total Fixed Cost and the Total Variable Cost. Therefore, TC= TFC + TVC= $25 +$110= $135. Hence at point E , Total cost is $135 and thus first option is the correct answer.

Answered: Output TFC TVC TC MC ATC A 25 25 ------…

Business

Economics

Output TFC TVC TC MC ATC A 25 25 ------ ---- -- В 1 25 25 50 25 50 C 2 25 40 65 32.5 D 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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