Average Variable Cost Is

question 67

Multiple Choice

Average variable cost is:

• A)variable cost per unit multiplied by quantity.
• B)total variable cost divided by quantity.
• C)the difference between average total cost and total cost.
• D)the difference between total cost and total fixed cost.

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Definitions:

Hepatic Duct

The duct that carries bile from the liver into the common bile duct, which then heads towards the gallbladder or intestine.

Pancreatic Duct

A channel in the pancreas that transports digestive enzymes and bicarbonate from the pancreas to the duodenum.

Parotid Salivary Gland

One of the major salivary glands located near the ear, responsible for producing saliva to facilitate chewing and swallowing.

Submandibular Salivary Gland

One of the major salivary glands located beneath the lower jaw, responsible for producing saliva that aids in digestion.