Refer to the following:

-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: Refer to the following: -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

Refer to the following:
 
-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 calculated by dividing the total cost by the number of units produced. If the total cost for 10 units is $120, then the average total cost is $120/10 = $12.

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