_____ cost is the cost per unit at the level of production; it equals total costs...

Question

Question

_____ cost is the cost per unit at the level of production; it equals total costs...

_____ cost is the cost per unit at the level of production; it equals total costs divided by production

a. target

b. average

c. marginal

d. opportunity

e. fixed

business finance

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Answer 1

Answer #1

Correct Option is "b".

Average Cost = Total Costs / Units of Production; which gives us cost per unit.

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Answer 2

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