Use the Following Table to Answer the Question

question 105

Multiple Choice

Use the following table to answer the question. At an output of 5, the average variable cost is $____.

• A) 350
• B) 533.33
• C) 475
• D) 250

---

Definitions:

Landlord

An individual or entity that owns a property and rents it out to tenants in exchange for a periodic payment.

Exculpatory Clause

A clause that releases a contractual party from liability in the event of monetary or physical injury, no matter who is at fault.

Covenant Not to Compete

A legal agreement where one party agrees not to enter into or start a similar profession or trade in competition against another party.

Enforce

The act of compelling obedience or compliance with a law, rule, or obligation through legal or authoritative means.