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Given the total cost function for a firm is Q = output and TC = total cost Q TC 0 20 1 40 2 60 3 80 4 100 5 120 6 140 The average variable cost of...

5: Given the total cost function for a firm is 

Q = output and TC = total cost 

Q TC 

0 20

1 40

2 60

3 80

4 100 

5 120

6 140

The average variable cost of producing four units of output is $16.8


True

False

6: Given the total cost function for a firm is 


(Q = output and TC = total cost) 


Q TC 

0  0 

1  20 

2  39 

3  56 

4  71

5  84 

6  95 


the average variable cost of producing five units of output is $16.8 

True

False

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