TABLE $8\mathrm{.}3$

Measuring Costs

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $(1)$ & $(2)$ & $(3)$ & $(4)$ & $(5)$ & $(6)$ & $(7)$ & $(8)\backslash \backslash$

$\backslash$hline Quantity $(\backslash (\backslash$mathbf$\{$Q$\}=\backslash )$ Big Macs produced$/$ hour$)$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Total $\backslash \backslash$

Variable $\backslash \backslash$

Cost

$\backslash$end$\{$tabular$\}$ & Total Fixed Cost & Total Cost & Average Variable Cost & Average Fixed Cost & $\backslash$begin$\{$tabular$\}\{$l$\}$

Average $\backslash \backslash$

Total Cost

$\backslash$end$\{$tabular$\}$ & Marginal Cost $\backslash \backslash$

$\backslash$hline Abbreviation: & TVC & TFC & TC & AvC & AFC & ATC & MC $\backslash \backslash$

$\backslash$hline Formula: & & & TVC $+$ TFC & TVC $\backslash (\backslash$div $\backslash )$ Q & TFC $\backslash (\backslash$div $\backslash )$ Q & AVC $+$ AFC & $\backslash (\backslash$Delta $\backslash$mathrm$\{$TVC$\}\backslash$div $\backslash$Delta $\backslash$mathrm$\{$Q$\}\backslash )\backslash \backslash$

$\backslash$hline $0$ & $\backslash$$$0\mathrm{.}00$ & $\backslash$$$100\mathrm{.}00$ & $\backslash$$$100\mathrm{.}00$ & & & & $\backslash \backslash$

$\backslash$hline $10$ & $30\mathrm{.}00$ & $100\mathrm{.}00$ & $130\mathrm{.}00$ & & $\backslash$$$10\mathrm{.}00$ & $\backslash$$$13\mathrm{.}00$ & $\backslash (\backslash$$ $3\mathrm{.}00\backslash )\backslash \backslash$

$\backslash$hline $20$ & $50\mathrm{.}00$ & $100\mathrm{.}00$ & $150\mathrm{.}00$ & & $5\mathrm{.}00$ & $7\mathrm{.}50$ & $2\mathrm{.}00\backslash \backslash$

$\backslash$hline $30$ & $65\mathrm{.}00$ & $100\mathrm{.}00$ & $165\mathrm{.}00$ & & $3\mathrm{.}33$ & $5\mathrm{.}50$ & $1\mathrm{.}50\backslash \backslash$

$\backslash$hline $40$ & $77\mathrm{.}00$ & $100\mathrm{.}00$ & $177\mathrm{.}00$ & & $2\mathrm{.}50$ & $4\mathrm{.}43$ & $1\mathrm{.}20\backslash \backslash$

$\backslash$hline $50$ & $87\mathrm{.}00$ & $100\mathrm{.}00$ & $187\mathrm{.}00$ & & $2\mathrm{.}00$ & $3\mathrm{.}74$ & $1\mathrm{.}00\backslash \backslash$

$\backslash$hline $60$ & $100\mathrm{.}00$ & $100\mathrm{.}00$ & $200\mathrm{.}00$ & & $1\mathrm{.}67$ & $3\mathrm{.}34$ & $1\mathrm{.}30\backslash \backslash$

$\backslash$hline $70$ & $120\mathrm{.}00$ & $100\mathrm{.}00$ & $220\mathrm{.}00$ & & $1\mathrm{.}43$ & $3\mathrm{.}14$ & $2\mathrm{.}00\backslash \backslash$

$\backslash$hline $80$ & $160\mathrm{.}00$ & $100\mathrm{.}00$ & $260\mathrm{.}00$ & & $1\mathrm{.}25$ & $3\mathrm{.}25$ & $4\mathrm{.}00\backslash \backslash$

$\backslash$hline $90$ & $220\mathrm{.}00$ & $100\mathrm{.}00$ & $320\mathrm{.}00$ & & $1\mathrm{.}11$ & $3\mathrm{.}55$ & $6\mathrm{.}00\backslash \backslash$

$\backslash$hline $100$ & $300\mathrm{.}00$ & $100\mathrm{.}00$ & $400\mathrm{.}00$ & & $1\mathrm{.}00$ & $4\mathrm{.}00$ & $8\mathrm{.}00\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Based on the table above, what is the average variable cost of producing $60$ Big Macs?

Choose one:

A$.\backslash (\backslash$$ $1\mathrm{.}93\backslash )$

B$.\backslash (\backslash$$ $1\mathrm{.}74\backslash )$

C$.\backslash (\backslash$$ $1\mathrm{.}67\backslash )$

D$.\backslash (\backslash$$ $1\mathrm{.}71\backslash )$