Average Variable Cost Is the Ratio Of

question 171

Multiple Choice

Average variable cost is the ratio of:

• A) total cost to the marginal cost.
• B) total cost to the amount of variable input.
• C) variable cost to the quantity of output.
• D) marginal cost to the quantity of output.

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Definitions:

Overweight

A condition characterized by having more body fat than is optimally healthy, often measured in terms of body mass index (BMI).

Prejudice

A preconceived opinion that is not based on reason or actual experience.

Obesity

A medical condition characterized by excessive body fat that increases the risk of health problems.

Racism

Discrimination or prejudice against individuals based on their race or ethnicity, often rooted in the belief that one race is superior to others.