Refer to Table 11.2.3, which gives the total cost schedule for Brenda's Ballo...

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Table 11.2.3

Refer to Table 11.2.3, which gives the total cost schedule for Brenda's Balloon Shop, a perfectly competitive firm. What is Brenda's average variable cost of producing the 1 balloon per hour?

$4.80 per balloon

0%

$3.00 per balloon

100%

$1.00 per balloon

0%✨

$2.00 per balloon

0%

$4.00 per balloon

0%

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