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

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

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 0 150 300 450 600 750 900 Average Variable. Cost $0 1,150 1.000 900 1,000 1,250 1,600 Step Cost $0 100,000 100,000 100,000 200,000 200,000 300,000 Total Fixed Cost $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 $600,000 Average Total Cost

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