Exhibit 21-7 Refer to Exhibit 21-7. The average total cost of producing 4 units of output is
A)$11.25.
B)$5.00.
C)$3.50.
D)$27.50.
E)There is not enough information to answer this question.

Question

Exhibit 21-7  Refer to Exhibit 21-7. The average total cost of producing 4 units of output is
A)$11.25. 
B)$5.00. 
C)$3.50. 
D)$27.50. 
E)There is not enough information to answer this question.

Quizplus · Accepted Answer

The Answer of Exhibit 21-7  Refer to Exhibit 21-7. The average total cost of producing 4 units of output is
A)$11.25. 
B)$5.00. 
C)$3.50. 
D)$27.50. 
E)There is not enough information to answer this question.