Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow

Figure 8.5
-Refer to Figure 8.4. If six microwave ovens are produced, average variable costs are
A) $50.
B) $100.
C) $150.
D) $300.

Question

Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow

Figure 8.5
-Refer to Figure 8.4. If six microwave ovens are produced, average variable costs are
A) $50. 
B) $100. 
C) $150. 
D) $300.

Quizplus · Accepted Answer

At six microwave ovens produced, the total variable cost is $300. To find the average variable cost, divide the total variable cost by the quantity produced: $300 / 6 = $50.

Refer to the Short-Run Information Provided in Figure 8