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    Microeconomics Study Set 46
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    Exam 7: Costs
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    (Figure: Total Cost and Quantity of Output VI) Answer the Following
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(Figure: Total Cost and Quantity of Output VI) Answer the Following

Question 154

Question 154

Multiple Choice

(Figure: Total Cost and Quantity of Output VI) Answer the following question. (Figure: Total Cost and Quantity of Output VI)  Answer the following question.     At an output level of 3, the average total cost is $____. A)  6 B)  2.5 C)  2 D)  1 (Figure: Total Cost and Quantity of Output VI)  Answer the following question.     At an output level of 3, the average total cost is $____. A)  6 B)  2.5 C)  2 D)  1
At an output level of 3, the average total cost is $____.


A) 6
B) 2.5
C) 2
D) 1

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