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Use the Following to Answer Questions -(Table: Cost Data)Use Table: Cost Data

Question 17

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Use the following to answer questions :  Table: Cost Data  Quantity  of Output  Variable Cost (VC)  Total Cost (TC) 005015010027012031001504140190519024062503007320370\begin{array}{l}\text { Table: Cost Data }\\\begin{array} { c c c } \hline \begin{array} { c } \text { Quantity } \\\text { of Output }\end{array} & \begin{array} { c } \text { Variable Cost } \\( \boldsymbol { V C } ) \end{array} & \begin{array} { c } \text { Total Cost } \\( \boldsymbol { T C } ) \end{array} \\\hline 0 & 0 & 50 \\1 & 50 & 100 \\2 & 70 & 120 \\3 & 100 & 150 \\4 & 140 & 190 \\5 & 190 & 240 \\6 & 250 & 300 \\7 & 320 & 370 \\\hline\end{array}\end{array}
-(Table: Cost Data) Use Table: Cost Data.The average fixed cost of producing two purses is:


A) $0.
B) $50.
C) $25.
D) $2.

Correct Answer:

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