Number of Figs TVCMC AVC TC ATC FC 100 90 90 135 80 4 400 Table...

Question

Question

Number of Figs TVCMC AVC TC ATC FC 100 90 90 135 80 4 400 Table 8.4 Table 8.4 presents the cost schedule for Davids Figs. If

business economics

Answer 1

Answer #1

If David produces 3 figs, from the table it can be seen that, AVC = $80.

TVC = AVC * quantity

When Quantity = 3, TVC = $(80*3) = $240

Answer: option A

Answer 2

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