Assume the average cost when producing 4 units is 10, the average cost of producing 6 units is 8, the average cost of producing 8 units is 6, the average cost of producing 10 units is 9, and the average cost of producing 12 units is 11. If you're producing 6 units, what should you do to minimize average costs? a) produce exactly the same, I'm already minimizing costs! b) produce more c) produce less    Please, help me understand how to solve future problems of the same kind through step by step solution.

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A: Opportunity cost refers to the best alternative foregone when choosing the other alternative.

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A:

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