How are average cost and marginal cost computed?

What will be an ideal response?

The average cost is the total cost divided by the number of units produced. Marginal cost is the cost of making one more unit.

Business

You might also like to view...

A never-ending stream of equal periodic, end-of-the-period cash flows is called a/an ________

A) annuity B) annuity due C) perpetuity D) amortization

Business

What is the maximum number of variables that the Excel Scenario Manager can handle?

A) 32 B) 24 C) 48 D) 40

Business