Exhibit 7-10 Short-run cost schedule for book publisher's hourly production

In Exhibit 7-10, the average variable cost of producing 2 cases of books is:

Question

Exhibit 7-10 Short-run cost schedule for book publisher's hourly production

In Exhibit 7-10, the average variable cost of producing 2 cases of books is:

Quizplus · Accepted Answer

To find the average variable cost of producing 2 cases of books, we look at the total variable costs for producing 2 cases, which is $150, and divide by the quantity, which is 2. So, the average variable cost is $75 per case.

Exhibit 7-10 Short-Run Cost Schedule for Book Publisher's Hourly Production