Question: Question 1 (1 point) Use the information in the table below to determine the average total cost of producing 4 units of output. Output 0

Question 1 (1 point)

Use the information in the table below to determine the average total cost of producing 4 units of output.

Output 0 1 2 3 4 5 6 7 8
Total Cost 10 11 13 16 20 25 31 38 48

Question 1 options:

a)

 20

b)

 5

c)

 2.5

d)

 4

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