Which of the Following Best Describes Average Variable Cost

question 124

Multiple Choice

Which of the following best describes average variable cost?

• A) The change in total cost when one additional unit of output is produced.
• B) Total cost divided by the quantity of output produced.
• C) Total variable cost divided by the quantity of output produced.
• D) Total fixed cost divided by the quantity of output produced.
• E) Costs that do not vary as output varies.
• ​

---

Definitions:

International Trade

The international transfer of goods, services, and capital across national boundaries or regions.

Barriers to Free Trade

Restrictions, such as tariffs, quotas, and regulations, imposed by governments to control international trade and protect domestic industries.

International Allocation

The distribution of resources, goods, or capital among countries around the globe according to various economic factors and policies.

Comparative Advantage

The ability of an individual, company, or country to produce goods or services at a lower opportunity cost than competitors.