Average Variable Cost Is Equal to

question 220

Multiple Choice

Average variable cost is equal to

• A) average total cost minus average fixed cost.
• B) average total cost multiplied by output.
• C) total cost divided by output.
• D) the change in total cost divided by the change in output.

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Definitions:

1970

Denotes the year notable for various significant global and national events, including the continuation of the Vietnam War and the Environmental movement leading to the first Earth Day.

2000

The year notable for marking the beginning of a new millennium and the controversial U.S. presidential election between George W. Bush and Al Gore.

In Loco Parentis

A legal doctrine meaning "in the place of a parent," referring to the authority of an institution or individual to take on some of the functions and responsibilities of a parent.