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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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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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