Average Total Cost | Definition & Formula & Examples

The graph of a typical average cost function A(x)=C(x) / x, whe... | Filo

5. A firm's average-cost function is given by the quadraticy = x^2 - 20x 120where y is average cost in dollars per unit of output. The output price is 10per unit, and is the same at all levels of output. Find the output levels atwhich the firm just breaks even (i.e., price = average cost).Sketch the average-cost function and show the solution. Over what range ofprices does the firm make a loss at all output levels?