Use the Table Below to Answer the Following Questions

question 107

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.

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