Answer :
To determine the total variable cost of producing 3 units of output based on the given cost data, follow these steps:
1. Identify the fixed cost:
- The fixed cost is the total cost when the output is zero units.
- According to the data, the total cost when output is 0 units is \[tex]$24. - Thus, the fixed cost is \$[/tex]24.
2. Determine the total cost for producing 3 units of output:
- From the given data, the total cost for producing 3 units of output is \[tex]$48. 3. Calculate the variable cost: - The variable cost is the total cost of producing a certain number of units minus the fixed cost. - Using the data, the variable cost of producing 3 units of output is calculated as follows: \[ \text{Variable Cost} = \text{Total Cost for 3 units} - \text{Fixed Cost} \] \[ \text{Variable Cost} = \$[/tex]48 - \[tex]$24 \] \[ \text{Variable Cost} = \$[/tex]24
\]
Therefore, the total variable cost of producing 3 units of output is \[tex]$24. So, the correct answer is: \[ \$[/tex]24
\]
1. Identify the fixed cost:
- The fixed cost is the total cost when the output is zero units.
- According to the data, the total cost when output is 0 units is \[tex]$24. - Thus, the fixed cost is \$[/tex]24.
2. Determine the total cost for producing 3 units of output:
- From the given data, the total cost for producing 3 units of output is \[tex]$48. 3. Calculate the variable cost: - The variable cost is the total cost of producing a certain number of units minus the fixed cost. - Using the data, the variable cost of producing 3 units of output is calculated as follows: \[ \text{Variable Cost} = \text{Total Cost for 3 units} - \text{Fixed Cost} \] \[ \text{Variable Cost} = \$[/tex]48 - \[tex]$24 \] \[ \text{Variable Cost} = \$[/tex]24
\]
Therefore, the total variable cost of producing 3 units of output is \[tex]$24. So, the correct answer is: \[ \$[/tex]24
\]
