Table 13-9 Output Total Cost 니c 0 40 10 60 20 90 30 130 40 180 50 240 5. Refer to Table 13-9. What is average var...

Question

Question

Answer 1

Answer #1

Answer : The answer is option b.

Here when output is 0 unit then the total cost is $40. This means that here the fixed cost is $40.

When output is 50 units then total cost is $240.

At 50 units output level the total variable cost = Total cost - Fixed cost = 240 - 40 = $200. So,

At 50 units output level the average variable cost = Total variable cost / Output level = 200 / 50 = $4.

Therefore, option b is correct.

Answer 2

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