Question:

Using the information in the accompanying table, when quantity equals 4, total variable cost equals:?

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a) 48, b)38, c) 58, d)28

Table:

Q FC VC TC MC

1 20 10 30

2 20 18 38 8

3 20 31 51 13

4 20 48 68 17

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  1. a) 48

    The table gives the total variable costs

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