Variations in the Shape of the Earth's Orbit

question 29

Multiple Choice

Variations in the shape of the earth's orbit:

• A) have a cycle of about 100,000 years.
• B) are related to changes in sunspot activity on the surface of the Sun.
• C) will eventually lead to the earth having a perfectly circular orbit.
• D) have a cycle of about three million years.

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Definitions:

Average Variable Cost

The cost per unit of producing additional units, excluding fixed costs, and is calculated by dividing total variable costs by the quantity of output.

Total Costs

The complete sum of all expenses a business incurs to produce its goods or services, including both fixed and variable costs.

Output

The cumulative quantity of products or services generated by a corporation, sector, or nation.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced; represents the per unit cost of production.