Question: 3.Calculate average total cost, what is the most efficient (minimum ATC) output quantity given the costs below? What should be the cost to produce 900

3.Calculate average total cost, what is the most efficient (minimum ATC)

3.Calculate average total cost, what is the most efficient (minimum ATC) output quantity given the costs below? What should be the cost to produce 900 units? Average Variable Cost Total Fixed Cost Average Total Cost Step Cost $50,000 100,000 100,000 100,000 200,000 200,000 300,000 Output $500,000 150 300 450 600 750 900 1,000 950 1,000 1,200 1,500 1,800 500,000 500,000 500,000 500,000 500,000 500,000

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