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Question
TABLE 8.1| Q | P | TR | MR | TC | MC |
| 0 | $30 | $0 | --- | $15 | --- |
| 1 | $30 | $30 | $30 | $25 | $10 |
| 2 | $30 | $60 | $30 | $40 | $15 |
| 3 | $30 | $90 | $30 | $60 | $20 |
| 4 | $30 | $120 | $30 | $85 | $25 |
| 5 | $30 | $150 | $30 | $115 | $30 |
| 6 | $30 | $180 | $30 | $150 | $35 |
Average cost for the firm in Table 8.1
A) cannot be determined from the information given.
B) is upward-sloping for all output values shown.
C) is constant for all output values shown.
D) is downward-sloping for all output values shown.
E) is U-shaped.
Answer
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