Table 13-14 -Refer to Table 13-14

question 115

Short Answer

Table 13-14
$$\begin{array} { | l | l | l | l | l | } \hline \text { Labor } & \text { Output } & \begin{array} { l } \text { Marginal } \\\text { Product }\end{array} & \begin{array} { l } \text { Variable } \\\text { Cost }\end{array} & \begin{array} { l } \text { Fixed } \\\text { Cost }\end{array} \\\hline 0 & 0 & - & \$ 0 & \$ 10 \\\hline 1 & 200 & 200 & \$ 20 & \$ 10 \\\hline 2 & 350 & & \$ 40 & \$ 10 \\\hline 3 & 450 & & \$ 60 & \$ 10 \\\hline 4 & & 50 & \$ 80 & \$ 10 \\\hline 5 & & 25 & \$ 100 & \$ 10 \\\hline 6 & 530 & & \$ 120 & \$ 10 \\\hline\end{array}$$
-Refer to Table 13-14. What is the average variable cost of producing 500 units of output?

---

Definitions:

Chemical Reactions

Processes that involve rearrangement of the molecules or ionic structure of substances, resulting in the formation of new products.

Growth

An increase in the size, number, value, or strength of something, often a natural biological process in living organisms involving an increase in cell size or number.

Chemical Unit

A specific quantity of a substance used in chemistry for measurement, such as a mole.

Atom

The smallest quantity of an element that retains the chemical properties of that element.