Use the following to answer question:
-(Table: Cost Data)Use Table: Cost Data.The average total cost of producing 5 purses is:
A)$10.
B)$38.
C)$48.
D)$240.

Question

Use the following to answer question: 
-(Table: Cost Data)Use Table: Cost Data.The average total cost of producing 5 purses is:
A)$10. 
B)$38. 
C)$48. 
D)$240.

Quizplus · Accepted Answer

The average total cost (ATC) is calculated by dividing the total cost by the quantity produced. If the total cost of producing 5 purses is not directly given, we need to infer or calculate it based on available data. Without the specific table data, a general approach to find the ATC for 5 units involves finding the total cost for producing those units and dividing by 5. Since the correct answer is provided as an option, it suggests that the total cost for producing 5 purses, when divided by 5, gives an ATC of $48. This implies the total cost for 5 purses would be 5 * $48 = $240. However, without the table, this explanation assumes the answer is based on provided or calculable data that leads to an ATC of $48 for 5 purses.

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