Solved

(Table) Based on the Table, the Average Variable Cost of Producing

Question 159

Multiple Choice

(Table) Based on the table, the average variable cost of producing 40 units of output is
QFCVC0500085002501750050027500750405001,000545001,250665001,500765001,750845002,000915002,250965002,500\begin{array}{|l|l|l|}\hline Q & F C & V C \\\hline 0 & 500 & 0 \\\hline 8 & 500 & 250 \\\hline 17 & 500 & 500 \\\hline 27 & 500 & 750 \\\hline 40 & 500 & 1,000 \\\hline 54 & 500 & 1,250 \\\hline 66 & 500 & 1,500 \\\hline 76 & 500 & 1,750 \\\hline 84 & 500 & 2,000 \\\hline 91 & 500 & 2,250 \\\hline 96 & 500 & 2,500 \\\hline\end{array}


A) $46.30.
B) $29.41.
C) $27.78.
D) $25.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents