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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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Similar questions

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.

Output (Units)	1	2	3
TC (Rs.)	23	27	30

Total Output (Units)	Total cost (Rs)	Average Cost (Rs)	Marginal cost (Rs)
1	10	10.00	10
2	19	9.50	?
3	?	?	8
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5	44	?	9
6	?	9.00	?
7	65	9.30	11
8	77	?	?

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Output (Units)	$1$	$2$	$3$	$4$
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Q. As the production increases beyond a point, the vertical distance between the average total cost curve and the average variable cost curve generally ________________.

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