Average Fixed Cost

question 93

Multiple Choice

Average fixed cost

• A)equals marginal cost when average total cost is at its minimum.
• B)may be found for any output by adding average variable cost and average total cost.
• C)graphs as a U-shaped curve.
• D)declines continually as output increases.

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Definitions:

Work Efficiency

The effectiveness with which tasks and activities are completed, often assessed in terms of speed, quality, and resource use.

Coordinating Mechanism

The methods, practices, or systems used to align and direct the diverse activities and resources of an organization towards achieving its goals.

Informal Communication

Informal Communication is the exchange of information, ideas, or feelings without formal structure or protocols, often spontaneously among colleagues or within social groups.

Centralization

The concentration of decision-making authority at the top levels of an organization or system.