-In the above table, what is the average variable cost to produce 3 units of output?
A) $30
B) $60
C) $10
D) $20

Name: -In the above table, what is the average variable cost to produce 3 units of output? A) $30 B) $60 C) $10 D) $20
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Question

-In the above table, what is the average variable cost to produce 3 units of output?
A) $30 
B) $60 
C) $10 
D) $20

Quizplus · Accepted Answer

The average variable cost (AVC) is calculated by dividing the total variable cost (TVC) by the quantity of output produced. If the TVC for producing 3 units is $60, then AVC = $60 / 3 = $20.

-In the Above Table, What Is the Average Variable Cost