Average total cost (ATC) is calculated as follows:
a. ATC = (change in total cost)/(change in quantity of output).
b. ATC = (change in total cost)/(change in quantity of input).
c. ATC = (total cost)/(quantity of output).
d. ATC = (total cost)/(quantity of input).
c
Economics
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The potential rewards that are available to an individual if a particular activity is undertaken are known as
A) premiums. B) gifts. C) incentives. D) intrinsic values.
Economics
Which type of exchange rate system minimizes external shocks to an economy?
What will be an ideal response?
Economics