The Output at Which Average Variable Cost Is a Minimum

question 260

Multiple Choice

The output at which average variable cost is a minimum is ________ than the output at which ________ is a minimum.

• A) the same as; average total cost
• B) the same as; marginal cost
• C) less than; average total cost
• D) less than; marginal cost

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Definitions:

Urinary Organ

An organ involved in the production, storage, and elimination of urine; examples include the kidneys and bladder.

Urethra

The tube that conducts urine from the bladder to the exterior of the body in both sexes and also serves as a passageway for semen in males.

Bladder

A muscular sac in the pelvis that holds urine until it can be excreted through the urethra.

Capsular Space

The capsular space, or Bowman's space, is the region in the kidney's nephron between the Bowman's capsule and the glomerulus, involved in the filtration of blood.