Economy, asked by as0545869, 3 months ago

what is meant by average cost

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Answered by sivasmart2222

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:

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what is meant by average cost​

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what is meant by average cost