The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank.

-Refer to the table above.What is the variable cost of producing 17 units of output?

Question

The following table shows the total output, variable costs, fixed costs, total costs, average total costs, and marginal costs of a firm, with some cells in the table intentionally left blank.
 
-Refer to the table above.What is the variable cost of producing 17 units of output?

Quizplus · Accepted Answer

The variable cost is typically calculated by multiplying the variable cost per unit by the number of units produced. If the table indicates that the variable cost per unit is $2.35, then for 17 units, it would be 17 * $2.35 = $39.95, which rounds to $40.

The Following Table Shows the Total Output, Variable Costs, Fixed