According to the table below,what is the average variable cost of producing 50 units of output?
$$\begin{array} { | l | l | l |}
\hline \mathbf { Q } & \mathbf { F C } & \mathbf { V C } \
\hline 0 & 1,000 & 0 \
\hline 20 & 1,000 & 350 \
\hline 50 & 1,000 & 700 \
\hline 90 & 1,000 & 1,050 \
\hline 125 & 1,000 & 1,400 \
\hline 145 & 1,000 & 1,750 \
\hline 160 & 1,000 & 2,100 \
\hline
\end{array}$$
A) 21
B) 34
C) 14
D) 20

Question

According to the table below,what is the average variable cost of producing 50 units of output?
$$\begin{array} { | l | l | l |} 
\hline \mathbf { Q } & \mathbf { F C } & \mathbf { V C } \
\hline 0 & 1,000 & 0 \
\hline 20 & 1,000 & 350 \
\hline 50 & 1,000 & 700 \
\hline 90 & 1,000 & 1,050 \
\hline 125 & 1,000 & 1,400 \
\hline 145 & 1,000 & 1,750 \
\hline 160 & 1,000 & 2,100 \
\hline
\end{array}$$
A) 21
B) 34
C) 14
D) 20

Quizplus · Accepted Answer

We need to find the average variable cost (AVC) of producing 50 units of output. 
AVC is calculated by dividing total variable cost (VC) by the quantity produced(Q).
For producing 50 units of output,
VC = 700
Q = 50
AVC = VC/Q = 700/50 = 14
Therefore, the average variable cost of producing 50 units of output is 14. Option C is the correct answer.

According to the Table Below,what Is the Average Variable Cost