$/unit ATC MC 19 13 12 10 7 4 25 32 44 60 65 10. At 32 units of output, which of the following are correct: a. AFC = $13 b. AVC = $11 c. TVC = $320 d. TC = $297 e. all of the above are correct 11. At 60 units of output, total fixed cost (TFC) is equal to: a. $12 b. $13 c. $432 d. $288 e. $720 AVC output
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- AVC (Average Variable Cost) = Total Variable Cost (TVC) / Quantity From the given information, we can see that AVC is not provided, so we cannot determine if it is correct or not. - MC (Marginal Cost) = Change in Total Cost / Change in Quantity From the given Show more…
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