# Complete the following table by filling in the values under the average variable cost column. |...

## Question:

Complete the following table by filling in the values under the average variable cost column.

Output | Fixed cost | Variable cost | Average variable cost |

1 | 1,000 | 500 | |

2 | 1,000 | 800 | |

3 | 1,000 | 1,000 | |

4 | 1,000 | 1,300 | |

5 | 1,000 | 1,800 | |

6 | 1,000 | 2,600 | |

7 | 1,000 | 3,900 |

## Variable Cost:

The variable cost represents the total cost that changes proportionately with the production volume within a relevant range during a given period. The average variable cost indicates the variable cost per unit.

## Answer and Explanation: 1

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View this answerThe average variable cost is computed as:

{eq}\begin{align*} &= \dfrac{\text{Variable Cost}}{\text{Output}} \end{align*} {/eq}

Output | Fixed... |

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Chapter 13 / Lesson 8Learn the definition and applications of average variable cost, the average variable cost formula, and how to calculate the average variable cost using its formula.

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