Table 5.5
-Refer to Table 5.5. The average variable cost of producing five units of output is
A) $0.
B) $8.60.
C) $10.
D) $11.60.

Question

Table 5.5
-Refer to Table 5.5. The average variable cost of producing five units of output is
A) $0. 
B) $8.60. 
C) $10. 
D) $11.60.

Quizplus · Accepted Answer

The average variable cost (AVC) is calculated by dividing the total variable cost (TVC) by the quantity of output produced. Without the specific details from Table 5.5, we can't calculate the exact figure. However, if the correct answer is provided as B) $8.60, it means that for producing five units, the total variable cost divided by 5 units equals $8.60. This indicates that the total variable costs for producing those five units must be $43 ($8.60 * 5).

Table 5.5 -Refer to Table 5.5. the Average Variable Cost of Producing