-In the above table, what is the average total cost to produce 5 units of output?
A) $80
B) $55
C) $40
D) $60

Name: -In the above table, what is the average total cost to produce 5 units of output? A) $80 B) $55 C) $40 D) $60
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Question

-In the above table, what is the average total cost to produce 5 units of output?
A) $80 
B) $55 
C) $40 
D) $60

Quizplus · Accepted Answer

The average total cost is calculated by dividing the total cost by the number of units produced. If the total cost for 5 units is $300, then the average total cost is $300/5 = $60.

-In the Above Table, What Is the Average Total Cost