Use the information in the table below to determine the average variable cost of producing 5 units of output.
$$\begin{array} { l r r r r r r r r r }
\text { Output } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \
\text { Total Cost } & 10 & 11 & 13 & 16 & 20 & 25 & 31 & 38 & 48
\end{array}$$
A) 25
B) 15
C) 5
D) 3

Question

Use the information in the table below to determine the average variable cost of producing 5 units of output.
$$\begin{array} { l r r r r r r r r r } 
\text { Output } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \
\text { Total Cost } & 10 & 11 & 13 & 16 & 20 & 25 & 31 & 38 & 48
\end{array}$$
A) 25
B) 15
C) 5
D) 3

Quizplus · Accepted Answer

The Answer is D

Use the Information in the Table Below to Determine the Average