what is average total cost
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Explanation:
In economics, average cost or unit cost is equal to total cost divided by the number of units of a good produced.
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Answer:
Average total cost is the aggregate of all costs incurred to produce a batch, divided by the number of units produced. The outcome includes a combination of all fixed costs and variable costs incurred to produce the units, and so is considered the most comprehensive costing compilation for a production run.
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