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Average cost is derived by
  • a)
    Dividing Total Cost by units of output
  • b)
    Subtracting Total Cost by units of output
  • c)
    Multiplying Total Cost by units of output
  • d)
    Adding Total Cost by units of output
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Average cost is derived bya)Dividing Total Cost by units of outputb)Su...
The opportunity cost incurred per unit of good produced. This is calculated by dividing the cost of production by the quantity of output produced.
Average cost is a general notion of the per unit cost incurred in the production of a good or service. It is specified as the total cost divided by the quantity of output.
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Community Answer
Average cost is derived bya)Dividing Total Cost by units of outputb)Su...
The opportunity cost incurred per unit of good produced. This is calculated by dividing the cost of production by the quantity of output produced.
Average cost is a general notion of the per unit cost incurred in the production of a good or service. It is specified as the total cost divided by the quantity of output.
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Average cost is derived bya)Dividing Total Cost by units of outputb)Subtracting Total Cost by units of outputc)Multiplying Total Cost by units of outputd)Adding Total Cost by units of outputCorrect answer is option 'A'. Can you explain this answer?
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