You Operate a Factory That Produces Beach Towels

question 175

Multiple Choice

You operate a factory that produces beach towels.Your current level of output equals 2,000 towels per week.Your weekly variable cost equals $8,000.If your total cost each week equals $9,000, it follows that:

• A)the average variable cost of production equals $2 per towel.
• B)the average total cost of production equals $4 per towel.
• C)the average total cost of production equals $4.50 per towel.
• D)the average total cost of production equals $8 per towel.
• E)the average fixed cost of production equals $1 per towel.

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