Average Variable Cost Is the Ratio Of

question 193

Multiple Choice

Average variable cost is the ratio of:

• A)total cost to the marginal cost.
• B)variable to fixed inputs.
• C)variable cost to the quantity of output.
• D)fixed costs to variable cost.

---

Definitions:

NLRA

The National Labor Relations Act is a key piece of legislation in US labor law that safeguards employees' rights to form unions and engage in collective bargaining with their employers.

Employee Committees

Groups within an organization composed of employees who focus on specific issues, such as safety, diversity, or employee benefits, to advise management or make decisions.

U.S. Labor Law

A body of laws, regulations, and precedents which address the legal rights and restrictions of working people and their organizations in the United States.

Unions Access

The ability of labor unions to reach and communicate with workers, as well as to secure rights to enter workplaces for the purpose of organizing and representation.