The Table Below Shows the Total Cost of Producing Different

question 79

Multiple Choice

The table below shows the total cost of producing different units of a commodity. Table 7.2
Refer to Table 7.2.If the production of 2 extra units (units 11 and 12) increases total cost by $162, then:

• A)the marginal cost of the twelfth unit will be $162.
• B)the total cost of producing 12 units will be $894.
• C)the average variable cost of producing 11 units is $732.
• D)the average total cost of producing 12 units is $61.
• E)the thirteenth unit will have to go up in price.

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Definitions:

GAISE

Guidelines for Assessment and Instruction in Statistics Education; it provides recommendations for statistics education at various educational levels.

Column Proportion

The ratio of the number of observations in a given category to the total number of observations in all categories for a specific column.

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