Given the Information in the Table, Total Variable Costs at 9

question 239

Multiple Choice

Given the information in the table, total variable costs at 9 units of production are
$\begin{array}{|l|l|l|l|}\hline \boldsymbol{Q} & \boldsymbol{T C} & \boldsymbol{M C} & \boldsymbol{A V C} \\\hline 0 & 200 & - & - \\\hline 2 & 400 & & 100 \\\hline 5 & 600 & 66.67 & 80 \\\hline 9 & 800 & 50.00 & \\\hline 12 & 1000 & 66.67 & 66.67 \\\hline 14 & 1200 & 100 & 71.43 \\\hline 15 & 1400 & 200 & 80.00 \\\hline\end{array}$

• A) $600.
• B) $450.
• C) $400.
• D) $700.

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Definitions:

Least Expensive

Refers to the lowest price option available.

Transportation Option

Different modes or methods of moving goods or people from one location to another, including road, rail, air, and sea transport.

Vidalia Onions

A specific variety of sweet onion grown in Georgia, known for its mild flavor, recognized by its geographical indication.

Total Annual Cost

The sum of all expenses incurred by a business or operation over the course of a year.