Total cost divided by quantity of output is
A) average variable cost
B) average total cost
C) average fixed cost
D) marginal cost
E) total variable cost

Name: Total cost divided by quantity of output is A) average variable cost B) average total cost C) average fixed cost D) marginal cost E) total variable cost
Brand: Quizplus
Rating: 5.0 (32 reviews)

Question

Quizplus · Accepted Answer

Average total cost is calculated by dividing the total cost by the quantity of output produced.

Total Cost Divided by Quantity of Output Is