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

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

Quizplus · Accepted Answer

Average total cost is the total cost of production divided by the quantity of output produced.

Average Total Cost Is the Ratio of _____ Cost to _____

Average Total Cost Is the Ratio of _ Cost to _