Solved

Use the Information in the Table Below to Determine the Average

Question 115

Multiple Choice

Use the information in the table below to determine the average cost of producing 4 units of output.
 Output 012345678 Total Cost 101113162025313848\begin{array} { l r r r r r r r r r } \text { Output } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\\text { Total Cost } & 10 & 11 & 13 & 16 & 20 & 25 & 31 & 38 & 48\end{array}


A) 20
B) 4
C) 5
D) 2.5

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions