A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were $3.2 million and its variable costs were $16 per unit. What was the company's average cost per unit produced? Group of answer choices $20.10 $4.10 $16.00 $36.10

A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were $3.2 million and its variable costs were $16 per unit. What was the company's average cost per unit produced? Group of answer choices $20.10 $4.10 $16.00 $36.10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Group of answer choices

$20.10

$4.10

$16.00

$36.10

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