Solved

Use the Information in the Table Below to Determine the Average

Question 66

Multiple Choice

Use the information in the table below to determine the average fixed cost of producing 2 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) 13
B) 6.5
C) 5
D) 2

Correct Answer:

verifed

Verified

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

Related Questions