According to the table below, what is the average variable cost of producing 50 units of output?
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? 
A) 21 
B) 34 
C) 14 
D) 20

Quizplus · Accepted Answer

To find the average variable cost of producing 50 units of output, we look at the row for 50 units in the table and divide the corresponding total variable cost ($700) by the number of units produced (50). $700/50 = $14, which is the average variable cost of producing 50 units. Therefore, the best choice is C.

According to the Table Below, What Is the Average Variable