Question 1 (1 point)

Use the information in the table below to determine the average total cost of producing 4 units of output.

Output	0	1	2	3	4	5	6	7	8
Total Cost	10	11	13	16	20	25	31	38	48

Question 1 options:

a)

20

b)

5

c)

2.5

d)

4