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Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.
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18 votes
18 votes
Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.

User Andrew Malta
by
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1 Answer

22 votes
22 votes

Answer: $2.78

Step-by-step explanation:

Average variable cost is calculated by dividing the total variable cost of producing a certain number of units of a good by that same number of units.

Average variable cost = Variable cost of producing 18 sneakers / 18

= 50 / 18

= 2.7778

= $2.78

Find the average variable cost for producing 18 sneakers. Round your answer to the-example-1
User Funerr
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