-In the Above Table, What Is the Average Total Cost

question 330

Multiple Choice

-In the above table, what is the average total cost to produce 4 units of output?

• A) $30
• B) $60
• C) $55
• D) $20

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Definitions:

Unknown Variable

A symbol in a mathematical equation or expression that represents a value which is not yet known but is to be found.

Six-figure Accuracy

A level of precision in measurements or calculations that results in an output with six significant figures.

Overline

A line drawn over a symbol or number, often used in mathematics to indicate a repeating decimal or a geometric figure's conjugate.

Denominator

The bottom number in a fraction that shows into how many parts the whole is divided.