You are given costs for a firm in the following table.
|
Quantity
|
Total Cost
|
Variable Cost
|
Fixed Cost
|
Marginal Cost
|
|
10
|
32.4
|
?
|
$10
|
?
|
|
11
|
?
|
48
|
?
|
?
|
|
12
|
?
|
?
|
?
|
25.7
|
From the information given, calculate the Average Variable Cost when the firm produces 12 units. Round your answer to one decimal.