a
average fixed cost plus average variable cost
b
change in total cost divided by change in output
c
total cost divided by total output
d
total fixed cost plus total variable cost
e
total variable cost divided by total output
Explanation
Correct Option
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Discussions (4)
Chuks612
9 years ago
Wrong. The formula is average fixed cost plus ➕ average variable cost. AFC ➕ AVC. It can be said to be taken from the formula for finding Total cost, which is-- Fixed cost ➕ Variable cost(FC plus VC)
EtomD
4 years ago
The correct answer is Total cost divided by total output/units produced or Fixed cost plus variable cost(which is total cost) divided by total output/units. Please confirm and implement changes.Thank you.
