Refer to Table 8.1.Assume the wage rate is $10 and the firm has $1,000 in unavoidable fixed cost.What is the average variable cost of producing 22 units of output?
A) $0.91
B) $45.45
C) $0.45
D) $0.83

Question

Refer to Table 8.1.Assume the wage rate is $10 and the firm has $1,000 in unavoidable fixed cost.What is the average variable cost of producing 22 units of output? 
A) $0.91 
B) $45.45 
C) $0.45 
D) $0.83

Quizplus · Accepted Answer

The Answer of Refer to Table 8.1.Assume the wage rate is $10 and the firm has $1,000 in unavoidable fixed cost.What is the average variable cost of producing 22 units of output? 
A) $0.91 
B) $45.45 
C) $0.45 
D) $0.83