Multiple Choice
Average total cost (ATC) is calculated as follows:
A) ATC = (change in total cost) /(change in quantity of output) .
B) ATC = (change in total cost) /(change in quantity of input) .
C) ATC = (total cost) /(quantity of output) .
D) ATC = (total cost) /(quantity of input) .
Correct Answer:
Verified
Correct Answer:
Verified
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