Use the table below to answer the following question. What is the average total cost at an output level of four units?

Name: Use the table below to answer the following question. What is the average total cost at an output level of four units?
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Question

Use the table below to answer the following question.  What is the average total cost at an output level of four units?

Quizplus · Accepted Answer

To find the average total cost, we need to divide the total cost by the output level. At an output level of 4 units, the total cost is $6,000. Dividing $6,000 by 4 gives an average total cost of $1,500. Therefore, the answer is C.

Use the Table Below to Answer the Following Question