Table 13-1

-Refer to Table 13-1.What is the average total cost of producing one widget
A)$1
B)$15
C)$16
D)$22

Question

Table 13-1
 
-Refer to Table 13-1.What is the average total cost of producing one widget
A)$1 
B)$15 
C)$16 
D)$22

Quizplus · Accepted Answer

The average total cost of producing one widget is the total cost divided by the total quantity produced. Therefore, the average total cost is (500+300+200+150+120+100+90)/2000 = $1.16, which is closest to answer choice C ($16). Based on the provided information, it is not possible to determine the best choice(s) without additional context (e.g. market demand, product pricing).

Table 13-1 -Refer to Table 13-1.What Is the Average Total Cost of Average