134. Refer to the above data. The total cost of producing 4 units of output is:

Question

134. Refer to the above data. The total cost of producing 4 units of output is:
A. $31.
B. $87.
C. $127.
D. $134.

135. Refer to the above data. The average variable cost of 4 units of output is:
A. $33.50.
B. $28.50.
C. $19.00.
D. $21.00.

136. Refer to the above data. The marginal cost of the fourth unit of output is:
A. $2.
B. $12.
C. $37.
D. $16.

how are these the answers?

Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10:

Explanation / Answer

134) $127

135) Average variable cost is total cost minus average fixed cost divided by quantity (127-10)/4= $28.50

136)change in total cost that comes from making or producing one additional item (31x4-29x3)-10=$37

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