The Speed of Light Is Equal to

question 41

Multiple Choice

The speed of light is equal to

• A)5.28 × 10⁷ miles per hour.
• B)one meter per nanosecond.
• C)one light-year per year.
• D)none of the above.

---

Definitions:

Fixed Cost

Expenses that do not change with the level of goods or services produced by a business.

Total Revenue

The total amount of money generated by a company or entity from its primary activities, such as sales of goods or services, before any expenses are deducted.

AVC

Short for Average Variable Cost, it is the total variable costs (such as labor and materials) divided by the quantity of output produced.

ATC

Stands for "Average Total Cost," which is the total cost per unit of output in economics, calculated by dividing the total cost by the quantity produced.