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Complete the table below before attempting the next question.

Output ????????

0 $2000

100 $2300

200 $2,450

300 $2,700

400 $3,200

t which unit of output (among those in the table) is average total cost minimized, and what is its (minimum) value at that unit?

Select one:

a. Minimum occurs at 100 units, where ????????????= $12

b. Minimum occurs at 400 units, where ????????????= $8

c. Minimum occurs at 200 units, where ????????????= $9.25

d. Minimum occurs at 300 units, where ???????????? = $6.50

pur-new-sol

So, the correct option is B "Minimum occurs at 400 units, where ????????????= $8".

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