In the above figure,what is the AVERAGE total cost of producing 10 units of output?
A)$4
B)$8
C)$12
D)$50
E)$360

Name: In the above figure,what is the AVERAGE total cost of producing 10 units of output? A)$4 B)$8 C)$12 D)$50 E)$360
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Question

In the above figure,what is the AVERAGE total cost of producing 10 units of output?
A)$4 
B)$8 
C)$12 
D)$50 
E)$360

Quizplus · Accepted Answer

The average total cost is found by dividing the total cost (TC) by the quantity (Q). At Q=10, the TC is $120 and therefore the average total cost is $12 ($120/10). The other answer choices are either too low or too high to be the average total cost.

In the Above Figure,what Is the AVERAGE Total Cost of Producing