Table 13-14
-Refer to Table 13-14. What is the average variable cost of producing 6 units of output?
A)$1.67
B)$18
C)$19.67
D)$21.33

Question

Table 13-14 
-Refer to Table 13-14. What is the average variable cost of producing 6 units of output?
A)$1.67 
B)$18 
C)$19.67 
D)$21.33

Quizplus · Accepted Answer

To find the average variable cost for 6 units of output, we look at the row where Q=6. The total variable cost is $118, and the average variable cost is calculated by dividing the total variable cost by the quantity produced: $118/6 = $19.67. Therefore, the correct answer is C.

Table 13-14 -Refer to Table 13-14. What Is the Average Variable Cost