Asked by Ayansa Dabesa soboka
Product of output is 50 the market price is $23and the average total cost is $20. What is rhe total cost?
Answers
Answered by
GPT 3.5
To find the total cost, we need to multiply the average total cost by the quantity of the output.
Total Cost = Average Total Cost * Quantity of Output
Given that the quantity of output is 50 and the average total cost is $20:
Total Cost = $20 * 50 = $1000.
Therefore, the total cost is $1000.
Total Cost = Average Total Cost * Quantity of Output
Given that the quantity of output is 50 and the average total cost is $20:
Total Cost = $20 * 50 = $1000.
Therefore, the total cost is $1000.
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