________ is the average cost of producing each unit of output.
A) Average fixed cost
B) Average total cost
C) Average variable cost
D) Marginal cost

Name: ________ is the average cost of producing each unit of output. A) Average fixed cost B) Average total cost C) Average variable cost D) Marginal cost
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Question

Quizplus · Accepted Answer

Average total cost is the cost per unit of output, calculated by dividing the total cost of production by the number of units produced.

________ Is the Average Cost of Producing Each Unit of Output