Use the following to answer question:
-(Table: Cost Data)Use Table: Cost Data.The average variable cost of producing 5 purses is:
A)$10.
B)$38.
C)$48.
D)$190.

Question

Use the following to answer question: 
-(Table: Cost Data)Use Table: Cost Data.The average variable cost of producing 5 purses is:
A)$10. 
B)$38. 
C)$48. 
D)$190.

Quizplus · Accepted Answer

To find the average variable cost of producing 5 purses, we need to look at the row where quantity is equal to 5. The variable cost in that row is $190, and the quantity produced is 5. Therefore, the average variable cost is $38 ($190/5).

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