If Average Total Costs Are $40 and Average Variable Cost

question 147

Multiple Choice

If average total costs are $40 and average variable cost are $20 at 10 units of output and the marginal cost of the 11^th unit is $30,what is the average total cost of 11 units?

• A) $23.00
• B) $20.09
• C) $30.00
• D) $39.09

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To have or hold property, items, or qualities, indicating ownership or control over such.

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The act of accepting or taking possession of something that has been given, sent, or awarded to someone.

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