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A Firm That Produces and Sells Toys Has a Factory

Question 35

Multiple Choice

A firm that produces and sells toys has a factory located in New Town built on a 50,000 square feet plot of land.The following table gives information about the costs of production and output of the firm.
Table 6-1
A firm that produces and sells toys has a factory located in New Town built on a 50,000 square feet plot of land.The following table gives information about the costs of production and output of the firm. Table 6-1 -Refer to Table 6-1.What is the average variable cost of producing a toy? A) $0.40 B) $3.80 C) $5.20 D) $4 E) $5
-Refer to Table 6-1.What is the average variable cost of producing a toy?


A) $0.40
B) $3.80
C) $5.20
D) $4
E) $5

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