Average total cost can be expressed as
...Average total cost can be expressed as
Average fixed cost plus average variable cost
Change in total cost divided by change in output
Total cost divided by total output
Total fixed cost plus total variable cost
Total variable cost divided by total output
Correct answer is C
Average total cost is the summation of the total cost of production divided by the total quantity of output.
ATC = TC ÷ output
An appropriate industrialization strategy in an under-populated country is ...
The PAYE ( Pay As You Earn) in Nigeria is an example of ______ ...
Part-time workers who desire full-time employment are: ...
Import duty concessions on the industrial inputs directly benefit the ...
The demand for money to take advantage of changes in bond prices is the ...
The monetization policy of the Nigerian government is aimed at ...
A greater burden of the taxes on essential goods is borne by the ...
The formular used by the Expenditure approach to calculate National income is ...
Which of the following can be described as land? ...
The term of trade often measured by the ratio of the index of export ...