Use the following to answer questions : $$\begin{array}{l}
\text { Table: Cost Data }\
\begin{array} { c c c }
\hline \begin{array} { c }
\text { Quantity } \
\text { of Output }
\end{array} & \begin{array} { c }
\text { Variable Cost } \
( \boldsymbol { V C } )
\end{array} & \begin{array} { c }
\text { Total Cost } \
( \boldsymbol { T C } )
\end{array} \
\hline 0 & 0 & 50 \
1 & 50 & 100 \
2 & 70 & 120 \
3 & 100 & 150 \
4 & 140 & 190 \
5 & 190 & 240 \
6 & 250 & 300 \
7 & 320 & 370 \
\hline
\end{array}
\end{array}$$
-(Table: Cost Data)Use Table: Cost Data.The average total cost of producing four purses is:
A) $12.50.
B) $47.50.
C) $50.00.
D) $82.50.

Question

Use the following to answer questions : $$\begin{array}{l}
\text { Table: Cost Data }\
\begin{array} { c c c } 
\hline \begin{array} { c } 
\text { Quantity } \
\text { of Output }
\end{array} & \begin{array} { c } 
\text { Variable Cost } \
( \boldsymbol { V C } )
\end{array} & \begin{array} { c } 
\text { Total Cost } \
( \boldsymbol { T C } )
\end{array} \
\hline 0 & 0 & 50 \
1 & 50 & 100 \
2 & 70 & 120 \
3 & 100 & 150 \
4 & 140 & 190 \
5 & 190 & 240 \
6 & 250 & 300 \
7 & 320 & 370 \
\hline
\end{array}
\end{array}$$
-(Table: Cost Data)Use Table: Cost Data.The average total cost of producing four purses is:
A) $12.50.
B) $47.50.
C) $50.00.
D) $82.50.

Quizplus · Accepted Answer

The average total cost is the total cost divided by the quantity of output. For four purses, the total cost is $190 and the quantity of output is 4. Therefore, the average total cost is $190 / 4 = $47.50.

Use the Following to Answer Questions -(Table: Cost Data)Use Table: Cost Data