Home » Economics » Average cost isAverage cost is Average cost is A. the total cost of production B. the extra cost of producing one additional unit of output C. cost of producing a unit of output D. variable cost E. overhead cost Correct Answer: Option C Explanation Related Posts An example of injection into the circular flow of income is When a union is composed of workers with the same skill,it is termed A country would develop its agricultural sector first so as to The monopolist power can be controlled by the government through The technical relationship between input combination and maximum attainable output is called When marginal cost equals marginal revenue of products
