The following table shows the cost of producing different units of ball point pens by a firm.Table 8.1

-According to Table 8.1, the average variable cost of producing five ball point pens is:
A)$3.5.
B)$2.
C)$4.
D)$2.5
E)$4.5

Question

The following table shows the cost of producing different units of ball point pens by a firm.Table 8.1
 
-According to Table 8.1, the average variable cost of producing five ball point pens is:
A)$3.5. 
B)$2. 
C)$4. 
D)$2.5 
E)$4.5

Quizplus · Accepted Answer

The average variable cost (AVC) is calculated by dividing the total variable cost (TVC) by the quantity produced. Without the specific details from Table 8.1, the correct answer cannot be determined from the provided information alone. However, based on the question's structure, if we assume C) $4 is the correct answer, it implies that for producing five ball point pens, the total variable cost divided by the quantity (5 pens) equals $4. This is a hypothetical scenario given the lack of data from Table 8.1.

The Following Table Shows the Cost of Producing Different Units