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Supply Curve

The general a...

Question

The general average cost curve is also known as ______________.

A

total unit cost curve

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B

average total unit cost curve

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C

total marginal unit cost curve

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D

total variable unit cost curve

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Solution

The correct option is C average total unit cost curve
The general AC curve is also known as total unit cost curve because it is calculated as:
$A C =$ $\frac{T C}{Total units produced} .$

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Q. A firm's average fixed cost of producing 2 units of a good is Rs. 9 and given below is its total cost schedule. Calculate its average variable cost and marginal cost for each of the given level of output.

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