Use the following to answer question(s): Short-Run Costs

-(Exhibit: Short-Run Costs) At 6 units of output, average variable cost is approximately:
A) $50
B) $70
C) $120
D) $150

Question

Use the following to answer question(s): Short-Run Costs
 
-(Exhibit: Short-Run Costs) At 6 units of output, average variable cost is approximately:
A) $50 
B) $70 
C) $120 
D) $150

Quizplus · Accepted Answer

At 6 units of output, the AVC is approximately $70, which is the point where the AVC curve intersects the total variable cost curve on the exhibit.

Use the Following to Answer Question(s): Short-Run Costs