Refer to the Following -What Is Average Total Cost When 200 Units of Output

question 18

Multiple Choice

Refer to the following:

$\begin{array}{ccccccccc} & & \text { Total } & \text { Total } & \text { Average } & \text { Average } & \text { Average } & \\& \text { Total } & \text { Fixed } & \text { Variable } & \text { Fixed } & \text { Variable } & \text { Total } & \text { Marginal } \\\text { Output } & \text { Cost } & \text { Cost } & \text { Cost } & \text { Cost } & \text { Cost } & \text { Cost } & \text { Cost }\\\hline 100&560&-&60&-&-&-&-\\200&-&-&-&-&-&-&4.00\\300&-&-&-&-&4.00-&-&-\\400&-&-&-&-&-&7.00&-\\\end{array}$
-What is average total cost when 200 units of output are produced?

• A) $2.30
• B) $2.50
• C) $4.00
• D) $4.80
• E) none of the above

---

Definitions:

Obligee

The party in a contract or agreement who is entitled to receive a benefit or performance from the other party, known as the obligor.

Delegatee

An individual or party to whom a task, duty, or responsibility has been delegated or transferred.

Personal Services

Services provided to individuals that may include care, advice, or professional work, typically requiring personal skills or effort.

Executory Contract

A contract under which both parties have obligations that are yet to be fulfilled.