Economics > 2021 > 20
WASSCE
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.
$11
C.
$60
D.
$80
Answer: B
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