Asked by Beyza Albayrak on May 19, 2024
Verified
Refer to Table 13-10. What is the average variable cost for the month if 6 instructional modules are produced?
A) $180.00
B) $533.33
C) $700.00
D) $713.33
Average Variable Cost
The total variable costs of production divided by the number of units produced, representing the variable cost per unit.
Instructional Modules
Structured units of teaching material or academic content designed for educational purposes.
Variable Cost
Costs that change in proportion to the level of production or business activity.
- Investigate the association between economic output and costs utilizing average and marginal analyses.
Verified Answer
AP
Afriyie PhilipMay 20, 2024
Final Answer :
B
Explanation :
The average variable cost (AVC) is calculated by dividing the total variable cost by the number of units produced. For 6 instructional modules, the total variable cost is $4,280 - $1,080 (fixed cost) = $3,200. Therefore, AVC = $3,200 / 6 = $533.33.
Learning Objectives
- Investigate the association between economic output and costs utilizing average and marginal analyses.