fast please10.Refer to the table to the right which shows cost data for Lotus Lanterns, a producer of whimsical night lights. What is the average variable cost per unit of production when the firm produces 90 lanterns?Part 2 A.$490 B.$5.45 C.$33.67 D.$7.67 QuantityofFixedlanterns Cost (Dollars)758090100115117120200200200200200200200VariableCost(Dollars)17023081012641480TotalCost Average Total(Dollars) Cost (Dollars)37043014644.935.367.6711.812.5

Variable costThe total expenses for a firm are composed of two branches. The fixed expenses are the…

Refer to the table to the right which shows cost data for Lotus Lanterns, a producer of whimsical night lights. What is the average variable cost per unit of production when the firm produces 90 lanterns? Part 2 A. $490 B. $5.45 C. $33.67

Refer to the table to the right which shows cost data for Lotus Lanterns, a producer of whimsical night lights. What is the average variable cost per unit of production when the firm produces 90 lanterns? Part 2 A. $490 B. $5.45 C. $33.67

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section8.4: Costs Of Production: Total, Average, Marginal

Problem 1ST

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Question

fast please10.

Refer to the table to the right which shows cost data for Lotus Lanterns, a producer of whimsical night lights.

What is the average variable cost per unit of production when the firm produces 90 lanterns?

Part 2

$490

$5.45

$33.67

$7.67

Quantity
of
Fixed
lanterns Cost (Dollars)
75
80
90
100
115
117
120
200
200
200
200
200
200
200
Variable
Cost
(Dollars)
170
230
810
1264
1480
Total
Cost Average Total
(Dollars) Cost (Dollars)
370
430
1464
4.93
5.36
7.67
11.8
12.5

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