Solved

Use the Following to Answer Questions :
Figure and Table

Question 173

Multiple Choice

Use the following to answer questions :
Figure and Table: Variable,Fixed,and Total Costs  Use the following to answer questions : Figure and Table: Variable,Fixed,and Total Costs    \begin{array} { l c c c c c }  \begin{array} { l }  \text { Points on } \\ \text { Graph } \end{array} & \begin{array} { c }  \text { Quantity } \\ \text { of Labour } \\ \text { (workers) , } \boldsymbol { L } \end{array} & \begin{array} { c }  \text { Quantity } \\ \text { of Wheat } \\ \text { (bushels) , } \boldsymbol { Q } \end{array} & \begin{array} { c }  \text { Variable } \\ \text { Cost, } \\ \boldsymbol { V C } \end{array} & \begin{array} { c }  \text { Fixed } \\ \text { Cost, } \\ \boldsymbol { F C } \end{array} & \begin{array} { c }  \text { Total Cost, } \\ \boldsymbol { T C } = \boldsymbol { F C } + \boldsymbol { V } \boldsymbol { C } \end{array} \\ \hline A & 0 & 0 & \$ 0 & \$ 400 & \$ 400 \\ B & 1 & 19 & 200 & 400 & 600 \\ C & 2 & 36 & 400 & 400 & 800 \\ D & 3 & 51 & 600 & 400 & 1000 \\ E & 4 & 64 & 800 & 400 & 1200 \\ F & 5 & 75 & 1000 & 400 & 1400 \\ G & 6 & 84 & 1200 & 400 & 1600 \\ H & 7 & 91 & 1400 & 400 & 1800 \\ I & 8 & 96 & 1600 & 400 & 2000 \end{array}  -(Figure and Table: Variable,Fixed,and Total Costs) Use Figure and Table: Variable,Fixed,and Total Costs.When 51 kilograms of wheat is produced,the average fixed cost is _____,the average variable cost is _____,and the average total cost is _____. A)  $7.84;$11.76;$19.60 B)  $133.33;$200.00;$333.33 C)  $400.00;$600.00;$1 000.00 D)  $5.33;$13.33;$18.67  Points on  Graph  Quantity  of Labour  (workers) , L Quantity  of Wheat  (bushels) , Q Variable  Cost, VC Fixed  Cost, FC Total Cost, TC=FC+VCA00$0$400$400B119200400600C236400400800D3516004001000E4648004001200F57510004001400G68412004001600H79114004001800I89616004002000\begin{array} { l c c c c c } \begin{array} { l } \text { Points on } \\\text { Graph }\end{array} & \begin{array} { c } \text { Quantity } \\\text { of Labour } \\\text { (workers) , } \boldsymbol { L }\end{array} & \begin{array} { c } \text { Quantity } \\\text { of Wheat } \\\text { (bushels) , } \boldsymbol { Q }\end{array} & \begin{array} { c } \text { Variable } \\\text { Cost, } \\\boldsymbol { V C }\end{array} & \begin{array} { c } \text { Fixed } \\\text { Cost, } \\\boldsymbol { F C }\end{array} & \begin{array} { c } \text { Total Cost, } \\\boldsymbol { T C } = \boldsymbol { F C } + \boldsymbol { V } \boldsymbol { C }\end{array} \\\hline A & 0 & 0 & \$ 0 & \$ 400 & \$ 400 \\B & 1 & 19 & 200 & 400 & 600 \\C & 2 & 36 & 400 & 400 & 800 \\D & 3 & 51 & 600 & 400 & 1000 \\E & 4 & 64 & 800 & 400 & 1200 \\F & 5 & 75 & 1000 & 400 & 1400 \\G & 6 & 84 & 1200 & 400 & 1600 \\H & 7 & 91 & 1400 & 400 & 1800 \\I & 8 & 96 & 1600 & 400 & 2000\end{array}
-(Figure and Table: Variable,Fixed,and Total Costs) Use Figure and Table: Variable,Fixed,and Total Costs.When 51 kilograms of wheat is produced,the average fixed cost is _____,the average variable cost is _____,and the average total cost is _____.


A) $7.84;$11.76;$19.60
B) $133.33;$200.00;$333.33
C) $400.00;$600.00;$1 000.00
D) $5.33;$13.33;$18.67

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents