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The average total cost when 20 units are produced is

Economics
JAMB 2011

The average total cost when 20 units are produced is

  • A. N20.00
  • B. N23.00
  • C. N13.00
  • D. N15.00
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Correct Answer: Option D
Explanation

From the diagram, when 20 units of outputs are produced, average total cost (ATC)  is N15 

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