Answer : The answer is option B.
At Q = 50 the AVC = $30.
Total variable cost = AVC * Q
So, at Q = 50 the total variable cost = 30 * 50 = $1,500
Therefore, option B is correct.
Figure 8.3 shows a firm's marginal cost, average total cost, and average variable cost curves. At...
MC ATC AVC 701-...- , 40ト-<--+ 30 50 100 Figure 8.3 Figure 8.3 shows a firm's marginal cost, average total cost, and average variable cost ves. At Q-50, the total cost is: A) $2,800. B) $4,500 C) $7,000. D)S6,300.
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