Sarah Intends to Major in Finance and Find Employment in Corporate

question 176

Multiple Choice

Sarah intends to major in finance and find employment in corporate financial management.As a finance major,Sarah will discover her ______courses to be similar to her finance classes.

• A)accounting
• B)marketing
• C)sociology
• D)psychology

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Definitions:

AVC

Average Variable Cost, which is the total variable cost divided by the quantity of output produced. It represents the variable cost per unit of output.

MC

Marginal Cost, which refers to the increase in total production cost that arises from producing one additional unit of a good or service.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs like opportunity costs.

ATC

Stands for Average Total Cost, which is the total cost of production divided by the quantity of output produced.