The table sets out a firm's production and total cost. Output (tonnes) / total cost ($) 0 : 20 1 : 30 2 : 35 3 : 40 4 : 45 5 : 50 What is the average variable cost of making 5 tonnes of output?
- A$4
- B$5
- C$6
- D$10
Economics 9708 · AS & A Level · 7.5
The table sets out a firm's production and total cost. Output (tonnes) / total cost ($) 0 : 20 1 : 30 2 : 35 3 : 40 4 : 45 5 : 50 What is the average variable cost of making 5 tonnes of output?