Table 8-7 Table 8-7 Shows Cost Data for Lotus Lanterns, a Producer

question 139

Multiple Choice

Table 8-7
$\begin{array}{|c|c|c|c|c|}\hline \begin{array}{c}\text { Quantity of } \\\text { Lanterns }\end{array} & \begin{array}{c}\text { Fixed Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Variable Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Total Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Average Total } \\\text { Cost (dollars) }\end{array} \\\hline 75 & 200 & 170 & 370 & 4.93 \\\hline 80 & 200 & 230 & 430 & 5.36 \\\hline 90 & 200 & & & 7.67 \\\hline 100 & 200 & 810 & & 11.8 \\\hline 115 & 200 & & & 12.5 \\\hline 117 & 200 & 1264 & 1464 & \\\hline 120 & 200 & 1480 & & \\\hline\end{array}$ Table 8-7 shows cost data for Lotus Lanterns, a producer of whimsical night lights.
-Refer to Table 8-7.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:

Presbycusis

Age-related hearing loss, typically affecting the ability to hear higher frequencies.

Incus

One of the three small bones in the middle ear, known as an auditory ossicle, which helps to transmit sound vibrations to the inner ear.

Malleus

A small bone in the middle ear that transmits sound vibrations from the eardrum to the incus, another middle ear bone.

Congenital Anomalies

Structural or functional abnormalities that are present at birth and can result in mental or physical disabilities or disorders.