The Change in Total Cost That Results from a Change

question 235

Multiple Choice

The change in total cost that results from a change in output is __________ cost.

• A)average fixed
• B)average variable
• C)average total
• D)marginal

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Definitions:

Global Entry Strategies

Approaches and methods used by companies to enter international markets and establish a presence in global business.

Organic Yogurt

Yogurt made from milk produced by organic farming methods, without the use of synthetic fertilizers or pesticides.

Least Risky Strategy

describes the approach or plan of action that exposes an entity to the minimal amount of risk or potential for loss.

Rapidly Aging Population

A demographic trend where the median age in a population increases significantly due to rising life expectancy and/or declining birth rates.