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!
Answer:
parallel
Step-by-step explanation:
all the details are in the attached picture.
You have to explain how you knew to use 55 and 120, not another option.
Hope it helped! :)
Answer:
-8,-7
Step-by-step explanation:
I think
First convert 6 miles to yards. That would be 10,560 next divde it by 350 to get 30.1786 but you have to round it to the next lap. Therfore, youll have to run a total of 31 laps around the field.
