Average Variable Cost (AVC)

question 46

Multiple Choice

Average variable cost (AVC)

• A)is the variable cost divided by the average sales price of the final good.
• B)is the variable cost divided by the quantity of output produced.
• C)is equal to average fixed cost (AFC)when no output is produced.
• D)is always less than average fixed cost (AFC).

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Definitions:

Derealization

A state of experiencing the outside world as strange, distant, or unreal, often associated with severe stress or mental health conditions.

Pathological

Relating to pathology, the study of diseases, or a condition that is caused by or evidences a disease or disorder.

Alter

In psychology, often refers to an alternate identity or personality state in conditions like dissociative identity disorder.

Transition

The process or period of changing from one state or condition to another, often implying development or evolution.