Use the table below to answer questions 8 through 10. Output (Q = TP) TVC TC...

Question

Question

Use the table below to answer questions 8 through 10. Output (Q = TP) TVC TC $80 100 $ 0 20 30 50 80 120 110 130 160 200 If t

Answer 1

Answer #1

8) A. When output=0 then total fix cost=total cost

9)D. Total cost=TFC+TVC=80+50=130

10)ans is B. AVC=TVC/Q=80/4=20

Answer 2

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