Variable Costs Average Variable Cost Production Data Production Data The $60 per worker a day Production Data Workers Cars Washed Fixed Costs 1 2 23 3 42 $600 a day for the car wash 4 64 5 80 6 90 In class, we learned about different kinds of average and marginal costs. 7 98 8 96 Randall Can I ask you about some of your average variable costs? Randall Sure! I remember from my economics classes that average variable cost (AVC) is equal to: Тy Okay, can you tell me the average variable cost of washing 90 cars? (Round to one decimal place. Click the Production Data tab to access the car wash data.)

Variable Costs Average Variable Cost Production Data Production Data The $60 per worker a day Production Data Workers Cars Washed Fixed Costs 1 2 23 3 42 $600 a day for the car wash 4 64 5 80 6 90 In class, we learned about different kinds of average and marginal costs. 7 98 8 96 Randall Can I ask you about some of your average variable costs? Randall Sure! I remember from my economics classes that average variable cost (AVC) is equal to: Тy Okay, can you tell me the average variable cost of washing 90 cars? (Round to one decimal place. Click the Production Data tab to access the car wash data.)

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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