# Using the table, determine the average total cost of producing 66 units. ||Q||FC||VC |0|500|0...

## Question:

Using the table, determine the average total cost of producing 66 units.

Q | FC | VC |
---|---|---|

0 | 500 | 0 |

8 | 500 | 250 |

17 | 500 | 500 |

27 | 500 | 750 |

40 | 500 | 1000 |

54 | 500 | 1250 |

66 | 500 | 1500 |

76 | 500 | 1750 |

84 | 500 | 2000 |

91 | 500 | 2250 |

96 | 500 | 2500 |

A. $ 30.30

B. $ 7.58

C. $ 22.73

D. $ 25.00

## Total Cost:

In production of goods and services, the producer makes use of factors of production. The costs incurred in factors of production when summed together, is called as total costs.

## Answer and Explanation: 1

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View this answerTotal Costs = Variable Costs + Fixed Costs.

From the table it can be seen that the, in production of 66 units of output, the following costs are...

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Chapter 4 / Lesson 8Learn what the average cost of a firm is and how it differs from total cost. Understand the distinction between short run and long run average total cost.

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