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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #729433
Introduction to Economics 1 Deneme Sınavı Sorusu #729433
Which of the followings shows the total cost divided by the amount of output produced?
The average cost |
The average fixed cost |
The average variable cost |
The marginal cost |
Total cost |
Yanıt Açıklaması:
The Average cost (AC) tells us the cost per unit. It is equal to the total cost divided by the amount of output produced. The correct answer is A.
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