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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Identify two ways to compute average total cost (ATC).

To determine

Determine two ways to compute average total cost.

Explanation

1.

The average total cost can be calculated by using the following method:

Average total cost=(Total costQuantity)

2

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