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Question
The following questions are based on the following table:| Units of output | Total cost | Average fixed cost | Average variable cost | Marginal cost |
| 0 | ||||
| 1 | $10 | |||
| 2 | $46 | |||
| 3 | $20 | |||
| 4 | $18 | |||
| 5 | $130 | $4 |
The average variable cost of producing 2 units is
a. $13.
b. $23.
c. $26.
d. $33.
e. $66.
Answer
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