Answer the Question on the Basis of the Accompanying Table

question 379

Multiple Choice

Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10. The average variable cost of 4 units of output is

• A)$33.50.
• B)$28.50.
• C)$19.00.
• D)$21.00.

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Definitions:

Equation

A claim within mathematics that equates two expressions as being identical.

Perpendicular

Describes two lines, planes, or surfaces meeting at a right angle (90 degrees).

Horizontal Line

A straight line with no slope, moving left to right parallel to the x-axis in Cartesian coordinates.

Slope-intercept Form

A way of writing linear equations using the formula \(y = mx + b\), where \(m\) is the slope of the line and \(b\) is the y-intercept.