Note AcademyNote Academy
Start

Economics · Oct / Nov 2023 · Paper 12 · Question 16

2281Firms’ costs, revenue and objectives

A firm produces five units of output at an average cost of $20 per unit. The cost of the sixth unit is $26. What is the average cost of six units?

  1. A$4.33
  2. B$6
  3. C$8.33
  4. D$21

As printed in the paper

Show the answer

Correct answer: D. $21

Sit this whole paper →More on Firms’ costs, revenue and objectives

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.