Match the Advantage or Disadvantage in the Left Column with Its

question 46

Multiple Choice

Match the advantage or disadvantage in the left column with its correct type of study. Items will be used more than once.​
-Relatively quick and inexpensive as it requires relatively few subjects​

• A)​case-control study
• B)​cohort study

---

Definitions:

AVC

Average Variable Cost, the per unit cost of variable inputs divided by the total output produced, indicating the variable cost for each unit of output.

ATC

Stands for Average Total Cost, which is the sum of all production costs divided by the quantity of output produced.

Short Run

A period in economics during which some factors of production are fixed, making it impossible for a business to change major production facilities.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.