Costs and economies of scale

The information below shows the total cost of production for a firm at different levels of output.

Total output	0	50	100	150	200	250
Total cost of production	£12 000	£19 500	£26 200	£32 400	£38 600	£45 500

What is the average variable cost when 200 units are produced?

$£60.00\text{£}60.00$

$£133.00\text{£}133.00$

$£193.00\text{£}193.00$

$£253.00\text{£}253.00$

The information below shows the total cost of production for a firm at different levels of output.

Total output	0	50	100	150	200	250
Total cost of production	£12 000	£19 500	£26 200	£32 400	£38 600	£45 500

What is the average variable cost when 200 units are produced?

$£60.00\text{£}60.00$

$£133.00\text{£}133.00$

$£193.00\text{£}193.00$

$£253.00\text{£}253.00$

Costs and economies of scale Questions