The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. The average total cost (ATC) when 5 barrels of pickles are produced is

A) $22.
B) $26.
C) $35.
D) There is not enough information to answer the question.

B

Economics

You might also like to view...

Economics is primarily the study of: a. how choices are made in a world of scarcity

b. corporate balance sheets and income statements. c. how to operate a business. d. how to make money in the stock market.

Economics

Infant industry protection can be justified in theory by:

A. both the "learning by doing" argument and the existence of economies of scale. B. neither the "learning by doing" argument nor the existence of economies of scale. C. the existence of economies of scale but not by the "learning by doing" argument. D. the "learning by doing" argument but not by the existence of economies of scale.

Economics