Question

OutputFixed CostsVariable CostsTotal CostsAverage Total CostsAverage Marginal Variable Costs Costs
0 $0$100
1 30
2 50
3 60
4 120
5 200

In the above table, what are the total fixed costs for an output of 4?

A) $0

B) $120

C) $100

D) $220

Answer

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