In the Short Run, Average Variable Cost Equals

question 122

Multiple Choice

In the short run, average variable cost equals:

• A) output divided by total cost.
• B) total cost divided by output.
• C) total cost minus total fixed cost.
• D) average total cost minus average fixed cost.

---

Definitions:

Electric-Powered Streetcars

Urban public transportation vehicles that run on electricity, significant in the development of efficient mass transit systems in the 19th and early 20th centuries.

Subways

Underground urban rail transit systems designed to alleviate surface traffic congestion and provide efficient public transportation in densely populated cities.

African Americans

People in the United States with ancestry from the black racial groups of Africa, often experiencing a unique cultural and historical identity.

Urban Experiences

The range of activities, interactions, and ways of life that are found or occur within cities.