Table 4-1 below sets out cost information to produce volleyballs. Some values are missing. Which of the following statements is correct? Variable Cost Fixed Cost Total Cost Average Variable Cost Marginal Cost ($ ($ per unit) Quantity per unit) 0 0 30 30 0 1 12 B 12 E 2 25 C D F 3 A 72 14 G OA=42; E = 40 OA=70; E = 40 A = 42, E = 12 A=70; E = 12
Table 4-1 below sets out cost information to produce volleyballs. Some values are missing. Which of the following statements is correct? Variable Cost Fixed Cost Total Cost Average Variable Cost Marginal Cost ($ ($ per unit) Quantity per unit) 0 0 30 30 0 1 12 B 12 E 2 25 C D F 3 A 72 14 G OA=42; E = 40 OA=70; E = 40 A = 42, E = 12 A=70; E = 12
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Transcribed Image Text:Table 4-1 below sets out cost information to produce volleyballs. Some values are missing. Which of the following statements is correct?
Variable Cost Fixed Cost Total Cost Average Variable Cost Marginal Cost ($
($ per unit)
Quantity
per unit)
0
0
30
30
0
1
12
B
12
E
2
25
C
D
F
3
A
72
14
G
OA=42; E = 40
OA=70; E = 40
A = 42, E = 12
A=70; E = 12
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