When the average total cost is $10 and the level of total cost is $9,000, what is the number of units the firm is producing?
Answers
Answered by
1
Answer:
900 units
Explanation:
Average total cost (ATC) = Total cost(TC) /q
=> 10 = 9,000/q
=> q = 9000/10
=> q = 900
where q refers no.units
Similar questions