Table 8-3 Table 8-3 Shows Cost Data for Lotus Lanterns,a

question 121

Multiple Choice

Table 8-3
Table 8-3 shows cost data for Lotus Lanterns,a producer of whimsical night lights.
-Refer to Table 8-3.What is the variable cost of production when the firm produces 115 lanterns?

• A)$1,556
• B)$1,157
• C)$956
• D)$10.05

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