Economics > 2019 > 19
WASSCE
Table II shows the short-run cost of a firm.
Calculate the value of Q.
| Quantity (kg) | Fixed Cost ($) | Variable Cost ($) | Total Cost ($) | Marginal Cost ($) | Average Cost ($) |
| 1 2 3 | 750 750 750 | 200 560 900 | 950 1310 P | - 360 Q | 950 655 550 |
Calculate the value of Q.
A.
$350
B.
$340
C.
$360
D.
$370
Answer: B
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