Variable Costs Average Variable Cost Production Data Production Data The $60 per worker a day Production Data Workers Cars Washed Fixed Costs 1 2 23 3 42 $600 a day for the car wash 4 64 5 80 6 90 In class, we learned about different kinds of average and marginal costs. 7 98 8 96 Randall Can I ask you about some of your average variable costs? Randall Sure! I remember from my economics classes that average variable cost (AVC) is equal to: Тy Okay, can you tell me the average variable cost of washing 90 cars? (Round to one decimal place. Click the Production Data tab to access the car wash data.)
Variable Costs Average Variable Cost Production Data Production Data The $60 per worker a day Production Data Workers Cars Washed Fixed Costs 1 2 23 3 42 $600 a day for the car wash 4 64 5 80 6 90 In class, we learned about different kinds of average and marginal costs. 7 98 8 96 Randall Can I ask you about some of your average variable costs? Randall Sure! I remember from my economics classes that average variable cost (AVC) is equal to: Тy Okay, can you tell me the average variable cost of washing 90 cars? (Round to one decimal place. Click the Production Data tab to access the car wash data.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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is the answer 4 or .7?
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