The Average Fixed Cost of a Firm Equal

question 147

Multiple Choice

The average fixed cost of a firm equal:

• A) implicit costs divided by output.
• B) explicit costs divided by output.
• C) total cost minus variable cost.
• D) total cost minus total variable cost divided by output.

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Definitions:

Leg

The leg is the part of the lower limb in humans between the knee and the ankle, comprising bones, muscles, blood vessels, and nerves that support locomotion and weight bearing.

Villonodular Synovitis

Villonodular synovitis is an uncommon joint disorder characterized by swelling and overgrowth of the joint lining, often affecting the knee or hip.

Left Shoulder

The upper joint of the human body on the left side, connecting the left arm to the torso.

Joint

A structure in the human or animal body at which two parts of the skeleton are fitted together.