The table below shows the total cost of producing different units of a commodity.Table 8.2

-According to Table 8.2, the average variable cost of producing two units of output is:
A)$48.
B)$50.
C)$62.
D)$55.
E)$60.

Question

The table below shows the total cost of producing different units of a commodity.Table 8.2
 
-According to Table 8.2, the average variable cost of producing two units of output is:
A)$48. 
B)$50. 
C)$62. 
D)$55. 
E)$60.

Quizplus · Accepted Answer

The average variable cost of producing two units of output is $48, which is the total variable cost of $96 divided by the number of units produced, which is 2.

The Table Below Shows the Total Cost of Producing Different