Use the following to answer questions :
-(Figure: Short-Run Costs II)Use Figure: Short-Run Costs II.At 6 units of output,the average variable cost is approximately:
A) $100.
B) $120.
C) $200.
D) $250.

Question

Use the following to answer questions : 
-(Figure: Short-Run Costs II)Use Figure: Short-Run Costs II.At 6 units of output,the average variable cost is approximately:
A) $100. 
B) $120. 
C) $200. 
D) $250.

Quizplus · Accepted Answer

At 6 units of output, the AVC is approximately $120 as seen where the AVC curve intersects the total cost curve.

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