Use the following to answer questions:
-(Figure and Table: Variable, Fixed, and Total Costs) Look at the figure and table Variable, Fixed, and Total Costs. When 51 bushels of wheat is produced, the average fixed cost is _____, average variable cost is _____, and average total cost is _____.
A) $7.84; $11.76; $19.60
B) $133.33; $200.00; $333.33
C) $400.00; $600.00; $1,000.00
D) $5.33; $13.33; $18.67

Question

Use the following to answer questions: 
-(Figure and Table: Variable, Fixed, and Total Costs) Look at the figure and table Variable, Fixed, and Total Costs. When 51 bushels of wheat is produced, the average fixed cost is _____, average variable cost is _____, and average total cost is _____.
A) $7.84; $11.76; $19.60 
B) $133.33; $200.00; $333.33 
C) $400.00; $600.00; $1,000.00 
D) $5.33; $13.33; $18.67

Quizplus · Accepted Answer

When 51 bushels of wheat is produced, the average fixed cost is $7.84, average variable cost is $11.76, and average total cost is $19.60.

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