Use the Table Below to Answer the Following Questions

Multiple Choice

Use the table below to answer the following questions.
Table 12.2.3

-Refer to Table 12.2.3 which gives the total cost schedule for Brenda's Balloon Shop, a perfectly competitive firm. The average variable cost of producing the 1st balloon is

A) $1.00.
B) $4.00.
C) $2.00.
D) $4.80.
E) $3.00.