Advertisements
Advertisements
प्रश्न
Give economic terms:
The cost incurred per unit of output.
एक शब्द/वाक्यांश उत्तर
Advertisements
उत्तर
Average cost
Explanation:
The average cost is calculated by dividing the entire cost of production by the total number of units produced. It assists firms in determining the minimum price at which they must sell their goods in order to avoid incurring losses. As manufacturing expands, this per-unit cost often falls at first due to economies of scale, but then rises due to inefficiencies.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
