Using the following table about product X, graph the average variable costs, and answer the following question: Which one is showing a faster decrease in average variable costs? Quantity Total costs

Survey Of Economics
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Author:Tucker, Irvin B.
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Chapter6: Proudction Costs
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Using the following table about product X, graph the average variable costs, and answer the
following question:
Which one is showing a faster decrease in average variable costs?
Quantity Total costs
0
125
250
A
B
C
D
375
500
625
750
875
1,000
J
1,125
K 1,250
E
F
G
H
1
$620
$1,620
$1,980
$2,268
$2,592
$2,988
$3,456
$4,032
$4,752
$5,832
$7,272
O moving from I to J
moving from B to C
O moving from F to G
O moving from J to K
4
Transcribed Image Text:Using the following table about product X, graph the average variable costs, and answer the following question: Which one is showing a faster decrease in average variable costs? Quantity Total costs 0 125 250 A B C D 375 500 625 750 875 1,000 J 1,125 K 1,250 E F G H 1 $620 $1,620 $1,980 $2,268 $2,592 $2,988 $3,456 $4,032 $4,752 $5,832 $7,272 O moving from I to J moving from B to C O moving from F to G O moving from J to K 4
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