Use the Following to Answer Questions

question 131

Multiple Choice

Use the following to answer questions:
-(Figure and Table: Variable, Fixed, and Total Costs) Look at the figure and table Variable, Fixed, and Total Costs. When 51 bushels of wheat is produced, the average fixed cost is _____, average variable cost is _____, and average total cost is _____.

• A) $7.84; $11.76; $19.60
• B) $133.33; $200.00; $333.33
• C) $400.00; $600.00; $1,000.00
• D) $5.33; $13.33; $18.67

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Definitions:

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