Answer the question on the basis of the following cost data. Output Total Cost $ 24 33 1 2 41 3 48 4 54 61 6 69 The average total cost of producing 6 units of output is
Answer the question on the basis of the following cost data. Output Total Cost $ 24 33 1 2 41 3 48 4 54 61 6 69 The average total cost of producing 6 units of output is
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter9: Applications Of Cost Theory
Section: Chapter Questions
Problem 1.3CE
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Transcribed Image Text:Answer the question on the basis of the following cost data.
Output
Total Cost
$ 24
1
33
2
41
3
48
54
61
69
The average total cost of producing 6 units of output is
Multiple Cholce
$7.5.
O $4.
O s8.
O $1.5.
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