Answer the question on the basis of the following cost data. Output Total Cost 0 $ 24 1 33 2 41 3 48 4 54 5 61 6 69 The average variable cost of producing 6 units of output is Multiple Choice $7.50. $45. $11.50. $4.00.
Answer the question on the basis of the following cost data. Output Total Cost 0 $ 24 1 33 2 41 3 48 4 54 5 61 6 69 The average variable cost of producing 6 units of output is Multiple Choice $7.50. $45. $11.50. $4.00.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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Question
Answer the question on the basis of the following cost data.
Output | Total Cost |
---|---|
0 | $ 24 |
1 | 33 |
2 | 41 |
3 | 48 |
4 | 54 |
5 | 61 |
6 | 69 |
The average variable cost of producing 6 units of output is
Multiple Choice
-
$7.50.
-
$45.
-
$11.50.
-
$4.00.
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
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