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 Output Avg Variable Cost Step Cost Total Fixed Cost Average Total Cost 0 $0 $50,000 $500,000 150 $1,000 $100,000 $500,000 300 $950 $100,000 $500,000 450 $1,000 $100,000 $500,000 600 $1,200 $200,000 $500,000 750 $1,500 $200,000 $500,000 900 $1,800 $300,000 $500,00

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Question: 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

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?

Output	Avg. Variable Cost	Step Cost	Total Fixed Cost	Average Total Cost
0	$0	$50,000	$500,000	-
150	$1,000	$100,000	$500,000	-
300	$950	$100,000	$500,000	-
450	$1,000	$100,000	$500,000	-
600	$1,200	$200,000	$500,000	-
750	$1,500	$200,000	$500,000	-
900	$1,800	$300,000	$500,00	-

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