\(\begin{array}{c|c} \text{Out put produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60 & 130 \\ \hline 50 & 60 & 135 \\ \hline 60 & 60 & 150 \\ \hline 70 & 60 & 170 \\ \hline 80 & 60 & 190\end{array}\)
Using the table above. The ATC at 30 units of output is
a
₦3.00
b
₦4.00
c
₦60.00
d
₦120.00
Explanation
Correct Option
bNo explanation available
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marvie_kings
4 years ago
The answer is B.
The formula to find the ATC is Total Cost(TC) over Quantity [of Outputs Produced (Q)].
In this case, Q is 30 and TC is 120.
Simply divide 120 by 30.
120/30 = 4.
Therefore, the answer is N4.



