Total Cost Divided by the Quantity of Output Produced Is

question 224

Multiple Choice

Total cost divided by the quantity of output produced is:

• A)always increasing.
• B)always decreasing.
• C)average total cost.
• D)marginal cost.

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Definitions:

Demand Instrument

A financial document or instrument that requires payment of a particular sum of money immediately or on demand by the entitled party.

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, issued by a bank to a depositor.

Bank

A financial institution licensed to receive deposits and make loans, offering various other financial services.

Currency Requirement

The necessity for a form of payment to be accepted as valid currency within a financial transaction.