Table 8-A
$$\begin{array} { c c c }
\text { Quantity } & \text { Total Revenue } & \text { Total Cost } \
8 & 95 & 90 \
9 & 105 & 93 \
10 & 114 & 98 \
11 & 122 & 105 \
12 & 129 & 114
\end{array}$$
-Refer to Table 8-A.Average total cost at the profit-maximizing level of output is equal to:
A)$9.55.
B)$9.80.
C)$10.33.
D)$11.25.
E)none of the above.

Question

Table 8-A
 $$\begin{array} { c c c } 
\text { Quantity } & \text { Total Revenue } & \text { Total Cost } \
8 & 95 & 90 \
9 & 105 & 93 \
10 & 114 & 98 \
11 & 122 & 105 \
12 & 129 & 114
\end{array}$$
-Refer to Table 8-A.Average total cost at the profit-maximizing level of output is equal to:
A)$9.55.
B)$9.80.
C)$10.33.
D)$11.25.
E)none of the above.

Quizplus · Accepted Answer

The Answer of Table 8-A
 $$\begin{array} { c c c } 
\text { Quantity } & \text { Total Revenue } & \text { Total Cost } \
8 & 95 & 90 \
9 & 105 & 93 \
10 & 114 & 98 \
11 & 122 & 105 \
12 & 129 & 114
\end{array}$$
-Refer to Table 8-A.Average total cost at the profit-maximizing level of output is equal to:
A)$9.55.
B)$9.80.
C)$10.33.
D)$11.25.
E)none of the above.

Table 8-A -Refer to Table 8-A