The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs.All costs are in dollars.
TABLE 7-5
-Refer to Table 7-5.What is the average variable cost of producing 20 chairs?
A)$22
B)$23
C)$260
D)$460
E)$13

Question

The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs.All costs are in dollars.
  TABLE 7-5
-Refer to Table 7-5.What is the average variable cost of producing 20 chairs?
A)$22 
B)$23 
C)$260 
D)$460 
E)$13

Quizplus · Accepted Answer

The Answer of The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs.All costs are in dollars.
  TABLE 7-5
-Refer to Table 7-5.What is the average variable cost of producing 20 chairs?
A)$22 
B)$23 
C)$260 
D)$460 
E)$13

The Table Below Provides Information on Output Per Month and Short-Run