Calculate the average total cost (ATC) for a firm with a total cost of 9000 FCFA at an output of 20 kg.

March 30, 2026Economics

ScanSolve AI Answer

March 30, 2026

Answer

A. 450 FCFA

Step 1: Identify the Total Cost (TC) at the output level of 20 kg from Figure 1. From the graph, when the output is 20 kg, the Total Cost (TC) is 9000 FCFA.

Step 2: Calculate the Average Total Cost (ATC) using the formula: $ATC = \frac{Total Cost (TC)}{Output (Q)}$ Substitute the values: $ATC = \frac{9000 FCFA}{20 kg}$

Step 3: Perform the calculation. $ATC = 450 FCFA/kg$

The calculated average total cost is 450 FCFA.

The final answer is $\boxed{A. 450 FCFA}$ .

Was this helpful?

Need help with your own homework?

Get instant step-by-step solutions to any question. Free to start.

Ask Your Question

Handwritten Step-by-Step Solution

Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.

Try on WhatsApp

More Economics Questions

QHighlight four causes of cost push inflation.QState four features of an underdeveloped economy.Qप्रश्न 5. किसी राष्ट्रीय आय की विभिन्न विधियों का वर्णन कीजिए। (8 अंक) उत्तर:QWhat is globalization QMeaning of Economic support

See all Economics questions →

Still have questions?

Quick Answer

Identify the Total Cost (TC) at the output level of 20 kg from Figure 1. From the graph, when the output is 20 kg, the Total Cost (TC) is 9000 FCFA.

Asked on March 30, 2026Economics

This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.

ScanSolve AI AnswerAnswered on March 30, 2026

Step 1: Identify the Total Cost (TC) at the output level of 20 kg from Figure 1. From the graph, when the output is 20 kg, the Total Cost (TC) is 9000 FCFA. Step 2: Calculate the Average Total Cost (ATC) using the formula: ATC = Total Cost (TC)Output (Q) Substitute the values: ATC = 9000 FCFA20 kg Step 3: Perform the calculation. ATC = 450 FCFA/kg The calculated average total cost is 450 FCFA. The final answer is A. 450 FCFA.