Figure 7-7

-In Figure 7-7 at 100 units,AVC equals
A)8.
B)800.
C)100.
D)1,000.

Name: Figure 7-7 -In Figure 7-7 at 100 units,AVC equals A)8. B)800. C)100. D)1,000.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Figure 7-7
 
-In Figure 7-7 at 100 units,AVC equals
A)8. 
B)800. 
C)100. 
D)1,000.

Quizplus · Accepted Answer

The average variable cost (AVC) is calculated by dividing the total variable cost by the quantity of output. If AVC equals 8 at 100 units, it means that the total variable cost is 800 (8 * 100).

Figure 7-7 -In Figure 7-7 at 100 Units,AVC Equals