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konstantin123 [22]
1 year ago
8

TRUE/FALSE. if the marginal cost of the 10th unit of output is $15 and the average total cost of the 10th unit of output is $15,

Business
1 answer:
Lubov Fominskaja [6]1 year ago
3 0

Average total cost is minimized at 10 units of output.
As per the relationship between the two, at such a point average cost is the lowest and after that, from the next unit onwards it starts rising.

<h3>By marginal cost, what do you mean?</h3>

The term "marginal cost" describes the rise in manufacturing costs brought on by the creation of more product units. A different name for it is the marginal cost of production. Businesses may evaluate how volume produced affects cost and, eventually, profitability by calculating the marginal cost.

<h3>What does "total average cost" mean?</h3>

The average total cost is calculated by dividing the total cost of production by the total output. In other words, the average cost is the sum of the firm's total fixed and variable costs divided by the sum of the units it produces.

Learn more about marginal cost here:
brainly.com/question/15583202
#SPJ4

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