A firm incurred the following costs in production. Use the information in the table to answer the question below.
The average cost of producing 40 bags of rice is ____________
| Output(bags of rice | 0 | 10 | 20 | 30 | 40 | 50 | 60 |
| Total Cost ($) | 100 | 200 | 300 | 380 | 440 | 520 | 600 |
The average cost of producing 40 bags of rice is ____________
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Correct Answer: Option B
Explanation: