Use the following to answer questions 4-8:

-If the firms hires 5 workers,the average variable costs equals
A)$10
B)$100
C)$800
D)Need more information

Question

Use the following to answer questions 4-8:
 
-If the firms hires 5 workers,the average variable costs equals
A)$10 
B)$100 
C)$800 
D)Need more information

Quizplus · Accepted Answer

Average variable cost is total variable cost divided by the number of workers. In this case, total variable cost is $800 and the number of workers is 5, so average variable cost is $800/5 = $160.

Use the Following to Answer Questions 4-8