Exhibit
The table below shows how total cost varies with output in a factory producing watches:

-Refer to Exhibit. If the output equals four watches per week, then the average total cost of producing a watch equals:

Question

Exhibit
The table below shows how total cost varies with output in a factory producing watches:​
 
-Refer to Exhibit. If the output equals four watches per week, then the average total cost of producing a watch equals:

Quizplus · Accepted Answer

The average total cost (ATC) is calculated by dividing the total cost by the quantity of output. If the total cost for producing four watches is $72, then the ATC is $72/4 = $18 per watch.

Exhibit The Table Below Shows How Total Cost Varies with Output