Quantity

Total Cost ($)

0

12

1

20

2

26

3

30

4

37

5

45

6

54

7

64

What is the average variable cost when quantity is 6?

Question

Quantity

Total Cost ($)

0

12

1

20

2

26

3

30

4

37

5

45

6

54

7

64

What is the average variable cost when quantity is 6?

BlackTom AI · Accepted Answer

Let's parse the data and definitions carefully to compute the average variable cost.

First, identify fixed cost. In a typical cost table, total cost at zero quantity equals fixed cost since there is no production to incur variable costs. Here, when quantity is 0, Total Cost is 12, so Fixed Cost = 12.

Next, determine variable cost at quantity 6. Variable cost equals total cost minus fixed cost: VC(6) = TC(6) - FC = 54 - 12 = 42.

Now compute average variable cost (AVC) at quantity 6: AVC(6) = VC(6) / Q = 42 / 6 = 7.

For completeness, cross-check with nearby data to ensure consistency: if you compute VC for other quantities using the same FC, you should get VC values like TC - 12, e.g., at Q=1, VC = 20 - 12 = 8, etc. This confirms the approach and avoids misattributing fixed costs.

Thus, the calculated AVC at quantity 6 is 7.

ECON 2001.01 SP2025 (25209) Final exam

Quantity Total Cost ($) 0 12 1 20 2 26 3 30 4 37 5 45 6 54 7 64 What is the average variable cost when quantity is 6?

查看解析

登录即可查看完整答案

类似问题

Question at position 7 In the table, if the firm hires 5 workers, and produces 10 units, average variable costs equal, [table] # of Workers | Total Cost 0 | 50 1 | 110 2 | 160 3 | 200 4 | 240 5 | 250 6 | 260 7 | 280 8 | 310 9 | 350 [/table]A) 50B) 80C) 20D) 200Clear my selection

Suppose the short-run production function is [math: q=10L] , if the wage rate is £10 perunit of labour, then AVC equals:

Suppose the short-run production function is [math: q=10L] , if the wage rate is £10 perunit of labour, then AVC equals:

A profit-maximising firm continues to operate even though it is losing money. It sells its product at a price of $100. From these facts we can deduce that:

Anna owns a dog grooming salon in Brunswick, Georgia. The above table has Anna's total product schedule. Anna pays each worker $300 per week and she pays rent of $600 a week for her salon. These are her only costs. When Anna has a staff of 6 workers, her average variable cost equals

安娜在佐治亚州布伦瑞克市经营一家宠物美容沙龙。上表列出了安娜的总产品成本。安娜每周支付每位员工 300 美元，并支付沙龙每周 600 美元的租金。这些是她唯一的成本。当安娜拥有两名员工时，她的平均变动成本等于

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单