If you know that total fixed cost is $200, total variable cost is $600, and total product is 4 units, then average total cost must be

Question

If you know that total fixed cost is $200, total variable cost is $600, and total product is 4 units, then average total cost must be
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The Average Total Cost (ATC) is calculated by dividing the Total Cost (TC) by the quantity of output produced. The Total Cost is the sum of Total Fixed Cost (TFC) and Total Variable Cost (TVC).

Here's the step-by-step calculation:

  1. First, calculate the Total Cost (TC). This is done by adding the Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

If you know that total fixed cost is $200, total variable cost is $600, and total product is 4 units, then average total cost must be

For 8 units of output, average fixed cost is $12.50 and average variable cost is $81.25. The total cost at this output level is ____________.

When it produces 100 units, a firm’s total variable cost is $300 and its total fixed cost is $2700. What is the average cost?1 point$3$24$27$30

Under the Marginal cost pricing, the price is determined on the basis of;  A. Fixed cost  B. Variable cost  C. Total cost  D. Average cost

Suppose that a factory produces exactly two automobiles. The fixed cost is $20,000. The (total) variable cost is $10,000. The average cost per automobile is

1/3