Question

What is meant by Average Cost?

Answer 1

Explanation:

in economics average cost ,or the unit cost us equal to total cost (CT) divided by the number if unites of good produced the outcome (q) average cost has strong implications to how firms will chose to price tgeir commidities

Answer 2

Answer:

Average cost or unit cost is equal to total cost 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.