Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00...

Question

Question

Answer 1

Answer #1

Answer

total variable cost =commulative sum of marginal cost
TVC(4)=0.5+1+1.5+2
=$5
AVC=TVC/Q
=5/4
=1.25
the average variable cost is $1.25
Option 2

Answer 2

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