A Straight Line Graph Shows

question 147

Multiple Choice

A straight line graph shows

• A) one variable.
• B) the constant relationship between two variable.
• C) the relationships among any number of variables.
• D) none of the above

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Definitions:

AVC

Stands for Average Variable Cost, which is the total variable costs (costs that vary with production levels) divided by the quantity of output produced.

AVC

Average Variable Cost refers to the cost of variable inputs divided by the quantity of output produced.

ATC

Average Total Cost; the total cost divided by the quantity produced, representing the cost per unit of output.

AFC

Stands for Average Fixed Cost, which is the fixed costs of production divided by the quantity of output produced.