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:

SUM Function

A function used in spreadsheets and databases to calculate the total sum of a range of numeric values.

Worksheet Labels

Worksheet labels are descriptive text or identifiers used in spreadsheets to name or distinguish columns, rows, or cells.

Careful Planning

The process of thoughtfully and meticulously preparing for future activities or projects to ensure their success and mitigate risks.

Cell Reference

An identifier used in spreadsheet applications to specify the position of a cell within a worksheet, typically consisting of a column letter and row number.