Asked by Madeline Winterton on Jul 25, 2024
Verified
(Table: Cost Data) Use Table: Cost Data.The average total cost of producing 6 purses is:
A) $190.
B) $70.
C) $50.
D) $35.
Average Total Cost
The total cost of production divided by the quantity of output produced, representing the per unit cost of production.
- Compute the mean fixed, mean variable, and mean total expenses using provided data.
Verified Answer
LD
Leslie De La RosaJul 26, 2024
Final Answer :
C
Explanation :
To find the average total cost of producing 6 purses, we need to add up the total cost for producing 6 purses and divide by 6. Adding up the cost for producing 6 purses in the table, we get 300+240+180+150+140+150 = 1160. Dividing by 6 gives an average of approximately $50. Therefore, the correct answer is C.
Learning Objectives
- Compute the mean fixed, mean variable, and mean total expenses using provided data.