Multiple Choice
Average total cost is equal to
A) Total cost divided by fixed cost.
B) Total cost multiplied by quantity.
C) The sum of average variable cost and marginal cost.
D) Total cost divided by quantity produced.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q32: Profit is<br>A)The difference between total cost and
Q33: The total cost at a zero level
Q34: The long-run ATC curve is simply a
Q35: Which of the following is a factor
Q36: Which of the following is a long-run
Q38: Which of the following statements about the
Q39: Economies of scale<br>A)Exist in both the short
Q40: Diminishing returns occur because<br>A)Of inefficiency in the
Q41: Ceteris paribus,the law of diminishing returns states
Q42: Refer to Table 21.5: Table 21.5<br>