In the Following Distribution of the Variable Semesters Completed,which of the Following

question 36

Multiple Choice

In the following distribution of the variable semesters completed,which of the following whole numbers is closest to the mean: 4,3,1,0,3,3,4,0,3,2?

• A)0
• B)1
• C)2
• D)3

---

Definitions:

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced, which decreases as production increases.

Average Total Cost

The total cost of production divided by the number of units produced, representing the average cost per unit of output.

Average Variable Cost

The total variable costs (costs that change with production volume) divided by the quantity of output produced.

Average Total Cost

The sum of all production costs divided by the quantity of output produced, representing the per-unit cost.