# Average Total Cost: Definition & Formula

Instructions:

question 1 of 3

### Which of the following statements best defines average total cost?

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### 2. Which of the following changes in the cost structure can change average total cost?

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Calculating the average total cost with the corresponding formula involves knowing a number of factors, including fixed costs and variable costs. This quiz will have you recall facts about the average total cost, as well as use your ability to calculate it.

## Quiz & Worksheet Goals

In this quiz, you'll be assessed on your understanding of topics related to the ATC, including the following:

• The definition of the average total cost
• The average total cost formula
• What can change an average variable cost
• Determining an average total cost
• Recognizing true statements about the average total cost

## Skills Practiced

• Reading comprehension - draw from the relevant information in the lesson on average total cost
• Problem solving - use the formula to calculate an average total cost
• Defining key concepts - accurately define the average total cost