A firm incurred the following costs in production. Use the information in the table to answer the question below.

Output
(bags of rice
0 10 20 30 40 50 60
Total Cost ($) 100 200 300 380 440 520 600

 

The average cost of producing 40 bags of rice is_____

a

$10

b

$11

c

$60.

d

$80

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b

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