What is meant by Average Cost?
Answers
Answered by
7
Answer:Definition: The Average Cost is the per unit cost of production obtained by dividing the total cost (TC) by the total output (Q). By per unit cost of production, we mean that all the fixed and variable cost is taken into the consideration for calculating the average cost. Thus, it is also called as Per Unit Total Cost.
Explanation:pls give thanks and Mark brainlist answer
Similar questions