Question

OutputFixed CostsVariable CostsTotal CostsAverage Total CostsAverage Marginal Variable Costs Costs
0 $0$100
1 30
2 50
3 60
4 120
5 200

In the above table, what is the average variable cost to produce 2 units of output?

A) $30

B) $60

C) $55

D) $20

Answer

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