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Production Data In class, we learned about different kinds of average and marginal costs. Workers Cars Washed Randall 10 24 Can I ask you about some of your average variable costs? 3 45 4 68 Randall 85 Of course. I remember from my economics classes that average variable cost (AVC) is equal to: 6. 96 7 91 8. 80 Ty Okay, can you tell me the average variable cost of washing 96 cars? (Round to one decimal place. Click the Production Data tab to access the car Randall

Production Data In class, we learned about different kinds of average and marginal costs. Workers Cars Washed Randall 10 24 Can I ask you about some of your average variable costs? 3 45 4 68 Randall 85 Of course. I remember from my economics classes that average variable cost (AVC) is equal to: 6. 96 7 91 8. 80 Ty Okay, can you tell me the average variable cost of washing 96 cars? (Round to one decimal place. Click the Production Data tab to access the car Randall

Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 18PAE
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Production Data In class, we learned about different kinds of average and marginal costs. Workers Cars Washed Randall 1 10 2. 24 Can I ask you about some of your average variable costs? 45 4 68 Randall 85 96 Of course. I remember from my economics classes that average variable cost (AVC) is equal to: 7. 91 8. 80 Ty Okay, can you tell me the average variable cost of washing 96 cars? (Round to one decimal place. Click the Production Data tab to access the car wash data.) Randall Enter a response then click Submit below Submit MacBook Air
Transcribed Image Text:Production Data In class, we learned about different kinds of average and marginal costs. Workers Cars Washed Randall 1 10 2. 24 Can I ask you about some of your average variable costs? 45 4 68 Randall 85 96 Of course. I remember from my economics classes that average variable cost (AVC) is equal to: 7. 91 8. 80 Ty Okay, can you tell me the average variable cost of washing 96 cars? (Round to one decimal place. Click the Production Data tab to access the car wash data.) Randall Enter a response then click Submit below Submit MacBook Air
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