Average total cost is:
A)the change in cost divided by the change in output.
B)total cost divided by output.
C)the change in output divided by the change in
D)costs.total cost times output.

Name: Average total cost is: A)the change in cost divided by the change in output. B)total cost divided by output. C)the change in output divided by the change in D)costs.total cost times output.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Average total cost is calculated as total cost divided by output. This gives the average cost per unit of output.

Average Total Cost Is