Solved

Table 6-D
the Table Below Shows How Total Cost Varies

Question 20

Multiple Choice

Table 6-D
The table below shows how total cost varies with output in a factory producing watches:
 Output  (Per Week)   Tatal Cost  (Dollars)  0$501$602$653$694$725$956$120\begin{array} { c c } \begin{array} { c } \text { Output } \\\text { (Per Week) }\end{array} & \begin{array} { c } \text { Tatal Cost } \\\text { (Dollars) }\end{array} \\\hline 0 & \$ 50 \\1 & \$ 60 \\2 & \$ 65 \\3 & \$ 69 \\4 & \$ 72 \\5 & \$ 95 \\6 & \$ 120\end{array}
-Refer to Table 6-D.If the output equals five watches per week, the average fixed cost and average variable cost of production equal ____ and ____, respectively.


A) $9; $10
B) $10; $9
C) $45; $50
D) $50; $45
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions