Question

Refer to the table below.
           

Quantity	Cost (in dollars)	Fixed Costs (in dollars)	Total Costs (in dollars)	Average Total Costs (in dollars per unit)	Average Variable Costs (in dollars per unit)	Marginal Costs (in dollars per unit)
0	0	40	40	- -	- -	- -
1	1	40	55	15	55	15
2	35	40	75	17.5	37.5	20
3	60	40	100	20	33.3	25
4	90	40	130	22.5	32.5	30
5	125	40	155	25	31	35
6	160	40	200	26.6	33.3	40

If this information were used to create a total cost graph, the curve should

Group of answer choices

become steeper due to diminishing returns.

reflect all of the above.

begin at 40 on the vertical axis and slope upward.

become steeper as quantity increases.

Refer to the table below.
           

Quantity	Cost (in dollars)	Fixed Costs (in dollars)	Total Costs (in dollars)	Average Total Costs (in dollars per unit)	Average Variable Costs (in dollars per unit)	Marginal Costs (in dollars per unit)
0	0	40	40	- -	- -	- -
1	1	40	55	15	55	15
2	35	40	75	17.5	37.5	20
3	60	40	100	20	33.3	25
4	90	40	130	22.5	32.5	30
5	125	40	155	25	31	35
6	160	40	200	26.6	33.3	40

If this information were used to create a total cost graph, the curve should

Group of answer choices

become steeper due to diminishing returns.

reflect all of the above.

begin at 40 on the vertical axis and slope upward.

become steeper as quantity increases.

Answer 1

a) "B"

All of the given options are correct, as this is increasing cost and the slope will be upward sloping. the answer is "B".