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Determining the average variable cost

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1. Examine at which point will AVC (Average Variable Cost) be the lowest?

Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Cost Average Variable Cost

0 62 62 0

10 90 62 28 2.8 9 2.8

20 110 62 48 2.0 5.5 2.4

30 126 62 64 1.6 4.2 2.13

40 144 62 82 1.8 3.6 2.05

50 166 62 104 2.20 3.32 2.08

60 192 62 130 2.60 3.2 2.16

70 224 62 162 3.2 3.20 2.3142

80 264 62 202 4.0 3.30 2.525

90 324 62 262 6.00 3.6 2.91

100 404 62 342 8.0 4.04 3.42

Reference no: EM132294131

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