Difference between revisions of "Average total costs"
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| − | '''Average total cost''' is the sum of a company's costs divided by the quantity of output. | + | '''Average total cost''' is the sum of a company's costs divided by the quantity of [[output]]. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 20:36, August 13, 2007
Average total cost is the sum of a company's costs divided by the quantity of output.