Question 1 (2 points) Use the table below to answer the following question. Units of Total Fixed Total Variable Output Cost (dollars) Cost (dollars) 1,000
Question 1 (2 points) Use the table below to answer the following question. Units of Total Fixed Total Variable Output Cost (dollars) Cost (dollars) 1,000 1,200 N 1,000 2,400 1,000 3,600 A 1,000 5,000 1,000 6,600 What is the average total cost (ATC) at an output level of five units? $1,200 $500 $1,520 $1,320
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