If the Average Variable Cost of Producing 10 Units Is

question 116

Multiple Choice

If the average variable cost of producing 10 units is $18 and the average variable cost of producing 11 units is $20,we know that,between 10 and 11 units of output,

• A)marginal cost is increasing.
• B)average total cost is increasing.
• C)average fixed cost is increasing.
• D)total cost is either increasing or decreasing.
• E)average total cost is minimized.

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Definitions:

Methods Analysis

A system that involves developing work procedures that are safe and produce quality products efficiently.

Workstation Level

Pertains to the specific setting or environment within a workspace where individual tasks are performed, often focusing on optimization and ergonomics for productivity.

Methods Analysis

The systematic examination of activities in order to improve the efficient use of resources.

Skills Needed

Specific abilities, knowledge, or expertise required to perform tasks or jobs effectively.