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

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 calculate the average total cost at an output level of four units, we need to find the total cost and divide it by four. Looking at the table, we can see that the total cost at an output level of four units is $6,000. Dividing this by four gives us an average total cost of $1,500 per unit. Therefore, the best choice is C.

Use the Table Below to Answer the Following Question