If AVC Is Subtracted from the ATC, What Is the Result

question 59

Multiple Choice

If AVC is subtracted from the ATC, what is the result?

• A) accounting profit
• B) marginal cost
• C) average fixed cost
• D) economic profit

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Definitions:

Behavior

The way in which one acts or conducts oneself, especially towards others.

Transactional Leader

A leadership style that focuses on supervision, organization, and performance; leaders promote compliance through rewards and punishments.

Characteristic

A feature or quality that defines and distinguishes a person, object, or phenomenon from others.

Management

The process of planning, organizing, directing, and controlling resources to achieve organizational objectives efficiently and effectively.