Table 13-11
-Refer to Table 13-11. The average variable cost of producing 4 posters is
A)$2.00.
B)$2.50.
C)$3.33.
D)$5.00.

Name: Table 13-11 -Refer to Table 13-11. 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 13-11 
-Refer to Table 13-11. 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. If the TVC for producing 4 posters is $10, then AVC = $10/4 = $2.50.

Table 13-11 -Refer to Table 13-11. the Average Variable Cost of Producing