AP Microeconomics

study guides for every class

that actually explain what's on your next test

Average Total Cost (ATC)

from class:

AP Microeconomics

Definition

ATC refers to the average cost of producing each unit of output. It is calculated by dividing total cost by the quantity produced.

congrats on reading the definition of Average Total Cost (ATC). now let's actually learn it.

ok, let's learn stuff
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.