In: Economics
Use the values in the table below to answer the following questions.
Q | TC | ATC | MC |
2 | |||
5 | -( A)- | ||
6 | -( B)- | -( C)- | |
19 | |||
20 | -( E)- | -( D)- |
Cell (A) stands for the total cost of 5 units. Its value should be
____.
A. | ||
B. | ||
C. | ||
D. |
As we can see different quantities are available in the market . And we are provided with the different Cost information .
So in Column 1 we can see that Total cost column is given to us .
So 5 units of output will have Total cost of "A" ( i.e corresponding to value of 5 units ) Hence it's value should be "A".
Hence (A) part is a correct answer