Use the following to answer questions:
-(Table: Costs of Producing Bagels) Look at the table Cost of Producing Bagels. Average total cost reaches its minimum value for the _____ bagel.
A) first
B) third
C) fourth
D) fifth

Question

Use the following to answer questions: 
-(Table: Costs of Producing Bagels) Look at the table Cost of Producing Bagels. Average total cost reaches its minimum value for the _____ bagel.
A) first 
B) third 
C) fourth 
D) fifth

Quizplus · Accepted Answer

Average total cost is minimized when the cost per unit is the lowest, which occurs at the fourth bagel according to the table data.

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