Answer:
b. average total cost = total cost/quantity of output
Step-by-step explanation:
The marginal cost is the additional cost of producing one more unit of output and it can be calculated by taking the change in total cost and dividing it by the change in quantity, its formula is:
- <em>Marginal cost = change in total cost/ change in quantity</em>
The average total cost (sometimes referred to simply as average cost) is total cost divided by the quantity of output, its formula is:
- <u><em>Average total cost = total cost / quantity of output</em></u>
The total cost is obtained adding together the fixed costs and the variable costs, its formula is:
- <em>Total cost = fixed cost + variable cost</em>
The average variable cost is obtained when variable cost is divided by quantity of output, its formula is:
- <em>Average variable = variable cost / quantity of output</em>
I hope you find this information useful and interesting! Good luck!
1. 15x
2. 21
3. 4
You’re welcome
Answer:
Graph of Modulus
The graph of a modulus or absolute value function is in a form of a 'V' shape whose vertex depends upon the coordinates. The equation for the graph is given as,
where,
(a, b) are the coordinates of the vertex of 'v' in the form of (x, y),
And h shows how wider or lean will be the function, for h=0, it is a straight line, while for a negative value the graph will face downwards and opposite for a positive value.
Given to us
y = |x-3|
On the coordinate plane
The graph will be in the shape of a 'V' whose vertex will lay at the coordinates (3, 0). As the value of a is 1 the graph will face upwards. As shown below on the graph.
Learn more about Modulus:
brainly.com/question/18106342
Step-by-step explanation:
It will take 3.35........
