(Figure: Cost Schedule) in the Figure, the Average Variable Cost

question 58

Multiple Choice

(Figure: Cost Schedule) In the figure, the average variable cost to produce four units is:
$\begin{array}{|c|c|c|c|}\hline \text { Quantity } & \text { Fixed Cost } & \begin{array}{c}\text { Variable } \\\text { Cost }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Cost }\end{array} \\\hline 0 & \$ 11 & \$ 0 & - \\\hline 1 & 11 & 3 & \$ 3 \\\hline 2 & 11 & 8 & 5 \\\hline 3 & 11 & 14 & 6 \\\hline 4 & 11 & 23 & 9 \\\hline 5 & 11 & 36 & 13 \\\hline\end{array}$

• A) $2.21.
• B) $4.67.
• C) $5.75.
• D) $7.20.

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Buying

The action of purchasing goods or services.

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A graphic representation of a ledger account that is used in accounting to depict the effects of transactions on an account balance.

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A layer of material applied to the surface of soil to conserve moisture, improve fertility and health, reduce weed growth, and enhance visual appeal.