Refer to the following table.What is the average cost of producing three (3) units of the good?

Question

Refer to the following table.What is the average cost of producing three (3)units of the good?

Quizplus · Accepted Answer

To calculate the average cost of producing three (3) units of the good, we need to add the total cost of producing three units and divide it by three.
Total cost of producing three units = $620 + $200 = $820
Average cost of producing three units = $820/3 = $273.33
Therefore, the best choice is C as it is the closest answer to the calculated average cost of $273.33, which is $206.67.

Refer to the Following Table