According to the table below, what is the average total cost (ATC) of producing 145 units of output?FCVC1,000201,000350501,000700901,0001,0501251,0001,4001451,0001,7501601,0002,100O a. S18.97O b. $250.00c. $2,750.00O d. $24.67e. $1,750.00Clear my choice

Total cost is the sum of fixed cost and variable cost. Fixed cost remains same at all levels of…

According to the table below, what is the average total cost (ATC) of producing 145 units of output? Q FC VC 1,000 20 1,000 350 50 1,000 700 90 1,000 1,050 125 1,000 1,400 145 1,000 1,750 160 1,000 2,100 O a. $18.97 O b. $250.00 Oc. $2,750.00 O d. $24.67 O e. $1,750.00

According to the table below, what is the average total cost (ATC) of producing 145 units of output? Q FC VC 1,000 20 1,000 350 50 1,000 700 90 1,000 1,050 125 1,000 1,400 145 1,000 1,750 160 1,000 2,100 O a. $18.97 O b. $250.00 Oc. $2,750.00 O d. $24.67 O e. $1,750.00

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

According to the table below, what is the average total cost (ATC) of producing 145 units of output?
FC
VC
1,000
20
1,000
350
50
1,000
700
90
1,000
1,050
125
1,000
1,400
145
1,000
1,750
160
1,000
2,100
O a. S18.97
O b. $250.00
c. $2,750.00
O d. $24.67
e. $1,750.00
Clear my choice

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