(Table: Cost Data) Look at the table Cost Data, which shows data for a designer purse factory.The average variable cost of producing 5 purses is:
A)$10
B)$38
C)$48
D)$190

Question

(Table: Cost Data) Look at the table Cost Data, which shows data for a designer purse factory.The average variable cost of producing 5 purses is:
A)$10 
B)$38 
C)$48 
D)$190

Quizplus · Accepted Answer

To find the average variable cost of producing 5 purses, we need to sum up the variable cost of producing 5 purses and divide it by 5. From the table, we can see that the variable cost of producing 5 purses is $190, and the total cost of producing 5 purses is $240. Therefore, the average variable cost of producing 5 purses is ($190 / 5) = $38. Therefore, the correct answer is B.

(Table: Cost Data) Look at the Table Cost Data, Which