The Following Question Are Based on the Following Table

question 33

Multiple Choice

The following question are based on the following table:

-The average variable cost of producing 2 units is

• A) $13.
• B) $23.
• C) $26.
• D) $33.
• E) $66.

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Definitions:

Disposable Income

Household fiscal resources for saving and spending following the deduction of income taxes.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the expenses that consumers must make for basic needs regardless of their income.

Induced Consumption

The portion of consumer spending that increases as disposable income rises, typically leading to more purchasing.

Disposable Income

The envelope of funds available to households for the purposes of saving and spending after adjusting for income taxes.