Average Variable Cost (AVC)

question 6

Multiple Choice

Average variable cost (AVC)

• A)always increases with increased output.
• B)always decreases with increased output.
• C)are always flat.
• D)may either increase, decrease, or remain flat with increased output.

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Definitions:

Forest Work

Labor or activities related to the management, conservation, and exploitation of forests, including logging, reforestation, and wildlife preservation.

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Annual Rate

A term often used in finance to describe the interest rate over the period of one year.

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