Average total cost is the ratio of _____ cost to _____.
A) total;marginal cost
B) total;the quantity of output
C) total;the amount of variable input
D) marginal;the amount of variable input

Question

Quizplus · Accepted Answer

Average total cost is the total cost divided by the quantity of output, which makes choice B the correct answer. The other options do not accurately describe the calculation of average total cost.

Average Total Cost Is the Ratio of _____ Cost to _____

Average Total Cost Is the Ratio of _ Cost to _