A firm is operating with a Total Variable Cost of ₹ 500 when 5 units of the given output are produced and the Total Fixed Costs are ₹ 200, what will be the Average Total Cost of producing 5 units of output ?
(i) ₹ 140
(ii) ₹ 100
(iii) ₹ 120
(iv) ₹ 300
