Question

1. What is meant by Average Cos​

Answer 1

average cost or unit cost is equal to total cost (TC) divided by the number of units of a good produced (the output Q): Average cost has strong implication to how firms will choose to price their commodities.

The weighted-average cost is the total inventory purchased in the quarter, $113,300, divided by the total inventory count from the quarter, 100, for an average of $1,133 per unit. The cost of goods sold will be recorded as 72 units sold x $1,133 average cost = $81,576.

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Answer 2

Answer:

In economics, average cost or unit cost is equal to total cost (TC) divided by the number of units of a good produced (the output Q): Average cost has strong implication to how firms will choose to price their commodities.

Explanation:

Note: Spelling Mistake ( Cost in your question not cos )