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If average variable costs is equal to $237 and average fixed cost is equal to $64.25, then average total cost is_______

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Average total cost (ATC) is the sum of average variable cost (AVC) and average fixed cost (AFC).

Given:

  • Average Variable Cost (AVC) = $237
  • Average Fixed Cost (AFC) = $64.25

To find the Average Total Cost (ATC), you can use the formula:

\[ ATC = AVC + AFC \]

Substituting the given values:

\[ ATC = 237 + 64.25 = 301.25 \]

Therefore, the average total cost is $301.25.