Table 13-7

-Refer to Table 13-7.The average total cost of producing one widget is

Question

Table 13-7
 
-Refer to Table 13-7.The average total cost of producing one widget is

Quizplus · Accepted Answer

To calculate the average total cost, we need to add up the total variable cost and total fixed cost and divide it by the quantity produced. 
In this case, the total variable cost is $50 and the total fixed cost is $60. Therefore, the total cost is $110. 
Dividing this by the quantity produced, which is 10, gives us an average total cost of $11.00. So, the correct choice is C.

Table 13-7 -Refer to Table 13-7.The Average Total Cost of Producing One