A firm incurred the following costs in production. Use the information in the table to answer the question below.
Output (bags of rice) | 0 | 10 | 20 | 30 | 40 | 50 | 60 |
Total Cost ($) | 100 | 200 | 300 | 380 | 440 | 520 | 600 |
A. $ I00.
B. $ 200.
C. $ 300.
D. $ 600
Correct Answer:
Option A = $ I00