Table 93 Table 93 Shows Cost Data for Lotus Lanterns, a Producer of Lanterns

question 73

Multiple Choice

Table 9.3
$\begin{array}{|c|c|c|c|c|}\hline \begin{array}{c}\text { Quantity of } \\\text { Lanterns }\end{array} & \begin{array}{c}\text { Fixed Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Variable Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Total Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Average Total Cost } \\\text { (dollars) }\end{array} \\\hline 75 & 200 & 170 & 370 & 4.93 \\\hline 80 & 200 & 230 & 430 & 5.36 \\\hline 90 & 200 & & & 7.67 \\\hline 100 & 200 & 810 & & \\\hline 115 & 200 & & & 11.8 \\\hline 117 & 200 & 1264 & 1464 &12.5 \\\hline 120 & 200 & 1480 & & \\\hline\end{array}$
Table 9.3 shows cost data for Lotus Lanterns, a producer of whimsical night lights.
-Refer to Table 9.3.What is the average total cost of production when the firm produces 120 lanterns?

• A)$1,680
• B)$72
• C)$14
• D)$12.3

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Definitions:

Claustrophobia

A type of anxiety disorder characterized by an irrational fear of being confined in a small or enclosed space.

Enclosed Places

Areas or spaces that are completely or partially surrounded by walls, barriers, or structures.

Fear

An unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.

Trapped

A feeling or situation where an individual believes they have no escape or options available, often leading to stress or anxiety.