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

Question

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

Quizplus · Accepted Answer

At 6 units of output, the average variable cost is approximately $120, as it is the point where the AVC curve intersects the total cost curve.

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