Table 12-9

-Refer to Table 12-9.The average variable cost of producing 4 posters is
A) $2.00.
B) $2.50.
C) $3.33.
D) $5.00.

Name: Table 12-9 -Refer to Table 12-9.The average variable cost of producing 4 posters is A) $2.00. B) $2.50. C) $3.33. D) $5.00.
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Question

Table 12-9
 
-Refer to Table 12-9.The average variable cost of producing 4 posters is
A) $2.00. 
B) $2.50. 
C) $3.33. 
D) $5.00.

Quizplus · Accepted Answer

The average variable cost (AVC) is calculated by dividing the total variable cost (TVC) by the quantity of output. Without the table, we assume the given choice is based on the correct calculation of AVC for 4 posters.

Table 12-9 -Refer to Table 12-9.The Average Variable Cost of Producing 4