The average total cost when 20 units are produced is?

By: |Published on: Oct 23|Categories: Economics JAMB| 0 comments

A. N20.00
B. N23.00
C. N13.00
D. N15.00

Correct Answer:

Option D – N15.00

Explanation

From the diagram, when 20 units of outputs are produced, average total cost (ATC) is N15

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