Figure: Short-Run Costs II (Figure: Short-Run Costs II) Look at the figure Short-Run Costs II.At six units of output, average variable cost is approximately:
A)$100.
B)$120.
C)$200.
D)$250.

Name: Figure: Short-Run Costs II (Figure: Short-Run Costs II) Look at the figure Short-Run Costs II.At six units of output, average variable cost is approximately: A)$100. B)$120. C)$200. D)$250.
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Question

Figure: Short-Run Costs II  (Figure: Short-Run Costs II) Look at the figure Short-Run Costs II.At six units of output, average variable cost is approximately:
A)$100. 
B)$120. 
C)$200. 
D)$250.

Quizplus · Accepted Answer

At six units of output, the point on the graph where AVC intersects the TC curve is approximately $120.