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Average total cost curve

Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 exam•Written by the Fiveable Content Team • Last updated August 2025

Definition

A curve showing the total cost per unit of output at each quantity produced, used to determine whether a firm earns positive, zero, or negative economic profit.

AP course connection

Topic 3.2: 3.2 Short-Run Production Costs

Unit 3

Keep studying

Review this concept in 3.2 Short-Run Production CostsAP Microeconomics course hub

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