Exhibit 6-10 Short-run cost schedule for book publisher's hourly production

-In Exhibit 6-10,the average variable cost of producing 2 cases of books is:

Question

Exhibit 6-10 Short-run cost schedule for book publisher's hourly production
 
-In Exhibit 6-10,the average variable cost of producing 2 cases of books is:

Quizplus · Accepted Answer

To find average variable cost, we need to divide the total cost of producing 2 cases of books ($150) by the number of cases produced (2).

Average variable cost = $150/2 = $75 per case.

Therefore, the correct answer is B.

Exhibit 6-10 Short-Run Cost Schedule for Book Publisher's Hourly Production