The average total cost when 20 units are produced is

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Economics JAMB 2011

The average total cost when 20 units are produced is

  • N20.00
  • N23.00
  • N13.00
  • N15.00 checkmark

The correct answer is: D

Explanation

From the diagram, when 20 units of outputs are produced, average total cost (ATC)  is N15 

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