I have an economics question please help?
The total cost of producing 10 units of a product is $120, and the MC of the 11th unit is $34. As a result we know that:
A. ATC of 11 units is $34
B. TFC is $120
C. ATC of 11 units is $14
D. ATC of 11 units is $154
- OiyLv 64 months agoFavorite Answer
only C is possible because ATC would be 154\11=$14.