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The company "High Fidelity" can produce 40 high quality turntables per day at an average total cost of $100 per turntable

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The company "High Fidelity" can produce 40 high quality turntables per day at an average total cost of $100 per turntable. The marginal cost function is

[Math Processing Error]MC(Q)=2.5⋅Q

1. What is the total cost to produce 40 high quality turntables per day?

A. $100

B. $400

C. $1000

D. $4000

2. At [Math Processing Error]Q=40, the Average Total Cost is

A. less than the average variable cost.

B. equal to the average variable cost.

C. greater than the average variable cost.

D. not comparable to the average variable cost.