Sea Side Enterprises Is Trying to Predict the Cost Associated

Multiple Choice

Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of 5100 anchors, Sea Side Enterprises' average cost per anchor is $53 If $17,000 of the total costs are fixed, what is the variable cost of producing each anchor?

A) $3.33
B) $49.67
C) $320.75
D) $53.00