Choose the Word or Phrase in [ ] Which Will

question 34

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-There is a [high | low] chance that one's tax return will be audited in a given year.

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Definitions:

Total Cost

The complete cost of producing a specific quantity of goods or services, including both fixed and variable costs.

Average Cost

This is the total cost of production divided by the number of goods produced, also known as the cost per unit.

Copyright

A legal right granted to the creator of an original work, providing exclusive control over the work's use and distribution.