Asked by Jasmine Jackson on Jul 23, 2024
Verified
(Table: Cost Data) Use Table: Cost Data.The average total cost of producing 5 purses is:
A) $10.
B) $38.
C) $48.
D) $240.
Average Total Cost
The total cost of production divided by the number of goods produced, representing the per-unit production cost.
Producing
The process of creating goods or services through the combination of labor, materials, and technology.
- Determine the average fixed, variable, and total costs with the given information.
Verified Answer
CD
Cody DaffinsonJul 23, 2024
Final Answer :
C
Explanation :
The average total cost (ATC) is calculated by dividing the total cost by the quantity produced. If the total cost of producing 5 purses is not directly given, we need to infer or calculate it based on available data. Without the specific table data, a general approach to find the ATC for 5 units involves finding the total cost for producing those units and dividing by 5. Since the correct answer is provided as an option, it suggests that the total cost for producing 5 purses, when divided by 5, gives an ATC of $48. This implies the total cost for 5 purses would be 5 * $48 = $240. However, without the table, this explanation assumes the answer is based on provided or calculable data that leads to an ATC of $48 for 5 purses.
Learning Objectives
- Determine the average fixed, variable, and total costs with the given information.