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 at an output level of four units, we look at the row where output is equal to 4. We see that the total cost is $6,000 and the quantity is 4, so the average total cost is $6,000/4 = $1,500. Therefore, the answer is (C) $1,500.

Use the Table Below to Answer the Following Question