-The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. The average total cost (ATC) when 5 barrels of pickles are produced is
A) $22.
B) $26.
C) $35.
D) There is not enough information to answer the question.

Question

-The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. The average total cost (ATC) when 5 barrels of pickles are produced is
A) $22. 
B) $26. 
C) $35. 
D) There is not enough information to answer the question.

Quizplus · Accepted Answer

To find the average total cost (ATC), you need to know the total cost (TC) and the quantity produced. The ATC is calculated as TC divided by the quantity. Since the fixed cost is $20 and the ATC is given as $26 for 5 barrels, it implies that the total cost for 5 barrels is $26 * 5 = $130.

-The Above Table Gives Some Cost Data for Peter's Pickles