A firm incurred the following costs in production. Use the information in the table to answer questions 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
$60
c
$80
d
$11
Explanation
Correct Option
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