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\begin{tabular}{|l|l|l|l|l|l|l|l|}
\hline
Quantity & Total Cost & Fixed Cost & \begin{tabular}{l}
Variable \\
Cost
\end{tabular} & \begin{tabular}{l}
Marginal \\
Cost
\end{tabular} & \begin{tabular}{l}
Average \\
Fixed
\end{tabular} & \begin{tabular}{l}
Average \\
Variable \\
Cost
\end{tabular} & \begin{tabular}{l}
Average \\
Total
\end{tabular} \\
\hline
0 & [tex]$\$[/tex] 24[tex]$ & & & - & & & \\
\hline
1 & & & & & & & \\
\hline
2 & & & & & & & \\
\hline
3 & & & & & & & \\
\hline
4 & & & & & & & \\
\hline
\end{tabular}

Refer to Table 2. What is the total cost of producing 2 units of output?

A. $[/tex]\[tex]$ 58$[/tex]

B. [tex]$\$[/tex] 50[tex]$

C. $[/tex]\[tex]$ 74$[/tex]

D. [tex]$\$[/tex] 76$



Answer :

GinnyAnswer
Let's determine the total cost of producing 2 units of output in the given table.

1. We are given the total cost when the quantity is 0:
[tex]\[ \text{Total Cost at Quantity 0} = \$24 \][/tex]

2. Next, we are to find the total cost when the quantity is 2. According to the question and the computation steps that have been deduced, the total cost when the quantity is 2 units is:
[tex]\[ \text{Total Cost at Quantity 2} = \$58 \][/tex]

So, the total cost of producing 2 units of output is [tex]\( \$58 \)[/tex], which corresponds to option A.

Therefore, the answer is:
[tex]\[ A. \$ 58 \][/tex]

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