Use the following to answer questions:
-(Table: Cost Data) Look at the table Cost Data. The average total cost of producing 5 purses is:
A) $10.
B) $38.
C) $48.
D) $240.

Question

Use the following to answer questions: 
-(Table: Cost Data) Look at the table Cost Data. The average total cost of producing 5 purses is:
A) $10. 
B) $38. 
C) $48. 
D) $240.

Quizplus · Accepted Answer

The average total cost is calculated by dividing the total cost by the number of units produced. If the total cost for producing 5 purses is $240, then the average total cost is $240/5 = $48.

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