Which of the Following Statements Is Correct

question 352

Multiple Choice

Which of the following statements is correct?

• A)Average total cost is the difference between average variable cost and average fixed cost.
• B)Marginal cost measures the cost per unit of output associated with any level of production.
• C)When marginal product rises, marginal cost must also rise.
• D)Marginal cost is the price or cost of an extra variable input (for example, an additional worker or machine)divided by its marginal product.

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Definitions:

Kardex

The trade name for a charting method that makes use of a series of cards to concisely organize and record client data and instructions for daily nursing care, especially care that changes frequently and must be kept up to date.

Up-To-Date Information

The most recent and relevant data or facts available on a particular subject, ensuring accuracy and currency.

Admission Sheet

A document used in healthcare settings that records vital information about a patient upon their admission to a facility.

Cultural Needs

The requirements necessary to respect and accommodate individuals' cultural identities and practices.