Table 13-14
-Refer to Table 13-14. What is the average total cost of producing 2 units of output?
A)$15
B)$19
C)$24
D)$48

Name: Table 13-14 -Refer to Table 13-14. What is the average total cost of producing 2 units of output? A)$15 B)$19 C)$24 D)$48
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Question

Table 13-14 
-Refer to Table 13-14. What is the average total cost of producing 2 units of output?
A)$15 
B)$19 
C)$24 
D)$48

Quizplus · Accepted Answer

To find the average total cost of producing 2 units of output, we look at the row where Q=2. The total cost is $48 and the quantity produced is 2 units, so the average total cost is $24 ($48/2). Therefore, the best choice is C.

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