Exhibit 24-8

-Refer to Exhibit 24-8. Assuming that total fixed costs are $80, the average variable cost of producing 2 units of output is
A)$19.50.
B)$155.
C)$145.
D)$55.
E)There is not enough information given to answer this question.

Question

Exhibit 24-8
 
-Refer to Exhibit 24-8. Assuming that total fixed costs are $80, the average variable cost of producing 2 units of output is
A)$19.50. 
B)$155. 
C)$145. 
D)$55. 
E)There is not enough information given to answer this question.

Quizplus · Accepted Answer

The Answer of Exhibit 24-8
 
-Refer to Exhibit 24-8. Assuming that total fixed costs are $80, the average variable cost of producing 2 units of output is
A)$19.50. 
B)$155. 
C)$145. 
D)$55. 
E)There is not enough information given to answer this question.

Exhibit 24-8 -Refer to Exhibit 24-8. Assuming That Total Fixed Costs Are