Exhibit 7-10 Short-run cost schedule for book publisher's hourly production
TotalOutput
TotalVariable Cost
TotalCost
0 cases of books
$ 0
$200
1
100
300
2
150
350
3
250
450
4
450
650
In Exhibit 7-10, the average variable cost of producing 2 cases of books is:
A. $50 per case.
B. $75 per case.
C. $100 per case.
D. $150 per case.
Answer: B
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