Complete Table 21 $\text { Table } 21.5$ The Average Variable Cost of the Second Unit of Output

question 88

Multiple Choice

Complete Table 21.5:
$\begin{array}{c}\begin{array}{lll}\underline{Q}\\{0} \\1 \\2 \\3 \end{array}\begin{array}{lll}\underline{\mathrm{TFC}}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{TVC}}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\15\\\end{array}\begin{array}{lll}\underline{\mathrm{TC}}\\15\\23\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{AVC}}\\--\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{MC}}\\--\\\underline{\quad\quad}\\4\\\underline{\quad\quad}\\\end{array} \end{array}$

$\text { Table } 21.5$
The average variable cost of the second unit of output in Table 21.5 is

• A)$6.00.
• B)$4.00.
• C)$8.00.
• D)$15.00.

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Definitions:

Getting Ready

A phase of preparation or the process of making something or someone ready for an event or operation.

Breaking From Work

Taking short periods of rest or distraction during working hours to prevent fatigue and enhance productivity.

Waiting to Work

The period during which employees are on standby, ready to engage in job tasks but not actively working, often due to logistical or organizational delays.

Nonexempt Worker

An employee who is entitled to receive overtime pay in accordance with the Fair Labor Standards Act (FLSA) for hours worked beyond the standard 40-hour workweek.