Instructions: Select the Letter of the Correct Verb or Verbs

question 427

Multiple Choice

Instructions: Select the letter of the correct verb or verbs for each sentence. Tsunamis ( are , is ) caused by underwater earthquakes, volcanic eruptions, or land shifts beneath the ocean s surface.

• A) are
• B) is

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Definitions:

Minimum Point

The lowest point on a curve, often referring to the lowest point of costs or output in economic models.

Average Variable Cost

The cost per unit of output, excluding fixed costs, calculated by dividing total variable costs by the number of units produced.

Marginal Cost

The expenditure involved in creating one more unit of a product or service.

Average Variable Cost

The cost per unit of producing additional units, excluding fixed costs, and is calculated by dividing total variable costs by the quantity of output.