Answer the question on the basis of the following cost data: $$\begin{array} { c c c }
&&\text { Total } \
\text { Output }&&\text { Cost }\
\hline
0 & & \$ 24 \
1 & & 33 \
2 & & 41 \
3 & & 48 \
4 & & 54 \
5 & & 61 \
6 & & 69
\end{array}$$ Refer to the data.The average total cost of producing 3 units of output is:

Question

Answer the question on the basis of the following cost data: $$\begin{array} { c c c } 
&&\text { Total } \
\text { Output }&&\text { Cost }\
\hline
0 & & \$ 24 \
1 & & 33 \
2 & & 41 \
3 & & 48 \
4 & & 54 \
5 & & 61 \
6 & & 69
\end{array}$$ Refer to the data.The average total cost of producing 3 units of output is:

Quizplus · Accepted Answer

The average total cost (ATC) is calculated by dividing the total cost by the quantity of output. For 3 units, ATC = $48 / 3 = $16.

Answer the Question on the Basis of the Following Cost