-In the above table, what is the average total cost to produce 3 units of output?
A) $33.33
B) $53.33
C) $55
D) $20

Question

-In the above table, what is the average total cost to produce 3 units of output?
A) $33.33 
B) $53.33 
C) $55 
D) $20

Quizplus · Accepted Answer

The average total cost (ATC) is calculated by dividing the total cost by the quantity of output produced. Without the specific table data, we can't calculate the exact ATC for 3 units of output. However, the correct approach to find the ATC for 3 units would involve summing the total cost of producing 3 units and then dividing by 3. Since the specific table data is missing, this explanation is based on the general method for calculating average total cost.

-In the Above Table, What Is the Average Total Cost