Table 13-9

-Refer to Table 13-9.What is average variable cost when output is 50 units?

Name: Table 13-9 -Refer to Table 13-9.What is average variable cost when output is 50 units?
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Question

Table 13-9
 
-Refer to Table 13-9.What is average variable cost when output is 50 units?

Quizplus · Accepted Answer

To find the average variable cost, we need to divide total variable cost (TVC) by the quantity produced. At 50 units, TVC is $200 (from the table) and therefore, the average variable cost is $4.00 ($200/50). Option B is the only answer option that matches with $4.00.

Table 13-9 -Refer to Table 13-9.What Is Average Variable Cost When Output