# Calculate the Maximum and Minimum Output for Average Variable Cost

Question

Precision Engineering department has collected data on its average costs of production for the past 12 months. The monthly fixed cost is \$4000 per month. The AVC and associated output data are presented below:

 Month Q AVC \$ Jan 70 375 Feb 58 540 Mar 160 450 Apr 120 255 May 130 138 Jun 120 150 Jul 10 450 Aug 35 350 Sep 80 60 Oct 110 70 Nov 100 90 Dec 190 153

Show the level of output at which AVC reach its minimum value, and the minimum value of AVC at its minimum.

Summary

The question belongs to Statistics and it is about calculating the maximum output at maximum AVC and minimum output at minimum AVC.

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