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If total cost is $320 and output is 4 units Calculate AC ...

If total cost is $320 and output is 4 units Calculate AC
Transcribed: If total cost is $320 and output is 4 units Calculate AC
Business Economics Revenue and Cost

Answer

Step #1 of 2

The information being given to us is:-

Total cost of the firm = $320 

Output = 4 units

We have to calculate average cost. 

Step #2 of 2

Formula for average cost is:-

Average cost = Total cost / Output 

= 320 / 4 

= $80 

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