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You are interested in starting your own business, but you are in a perfectly competitive market, which means you are a price taker at $ 20

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You are interested in starting your own business, but you are in a perfectly competitive market, which means you are a price taker at $ 20.00

Quantity Total Costs

0 30

1 35

2 39

3 46

4 54

5 62

6 71

7 85

8 100

9 116

10 141

6. What is your total cost at 9 quantities?

A. 70

B. 116

C. 80

D. 35

7. What is your average total cost at 1 quantity?

A. 70

B. 116

C. 80

D. 35

8. What is your total revenue at 4 quantities?

A. 70

B. 116

C. 80

D. 35

9. What is your marginal cost at 3 quantities?

A. 4

B. 7

C. 8

D. 6

10. What is your marginal revenue at 2 quantities?

A. 10

B. 20

C. 30

D. 40