Table 7-5
Stereos produced
0
1
2
3
4
5
6
Total cost (in $)
200
325
410
475
550
660
825
Table 7-5 shows short-run total cost figures for a stereo manufacturer. The short-run average variable cost of producing five stereos is
A. $92.
B. $110.
C. $132.
D. $460.
Answer: A
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