What Is Average Fixed Cost

question 126

Multiple Choice

What is average fixed cost?

• A) the price of a fixed factor of production
• B) the total cost divided by the number of units produced over a given period
• C) the fixed cost divided by the number of units of a fixed input employed over a given period
• D) the total fixed cost divided by the number of units produced over a given period

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Definitions:

Labeling Theory

A theory in sociology that suggests the labels or classifications society applies to individuals can influence their behavior and self-identity.

Control Theories

Theories in criminology and sociology that explain social order and the lack of criminal behavior as a result of societal norms and relationships that encourage conformity.

Deviance

Behavior or actions that violate societal norms or expectations, often leading to social disapproval or sanctions.

Crime

Crime is an act or omission that violates the law and is punishable by the state or other authority.