The diagram shows the fixed costs, variable costs and total costs of a firm. What is the firm's total variable cost at an output of 100 units?
A.
B.
C.
D.
Exam No：0455_m25_qp_12 Year：2025 Question No：15
Answer:
C
Knowledge points:
3.7.1 definition of costs of production:Total cost (TC), average total cost (ATC), fixed cost (FC), variable cost (VC), average fixed cost (AFC), average variable cost (AVC).
3.7.2 calculation of costs of production: Definition, drawing and interpretation of diagrams that show how changes in output affect costs of production.
3.7.3 definition of revenue: Total revenue (TR) and average revenue (AR).
3.7.4 calculation of revenue: Calculation of TR and AR
3.7.5 objectives of firms: Survival, social welfare, profit maximisation and growth.
Solution:
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