Economics 0455 · IGCSE · Firms’ costs, revenue and objectives

Firms’ costs, revenue and objectives — practice question

A company makes five units of output with an average cost of $\$20$ per unit. The cost of the sixth unit is $\$26$. What is the average cost of six units?

  • A$\$4.33$
  • B$\$6$
  • C$\$8.33$
  • D$\$21$

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