If Average Fixed Cost Is $2 and Average Variable Cost

question 131

True/False

If average fixed cost is $2 and average variable cost is $3, total cost is $5.

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Less Important

Referring to something that holds lesser value or priority in comparison to other items or factors under consideration.

United States

A country located primarily in North America, consisting of 50 states and a federal district.

Hats

A headwear item designed for various purposes including protection from weather, ceremonial reasons, religious reasons, safety, or fashion.

Production

The method of integrating different physical and non-physical inputs, such as materials and ideas, to produce goods for use.