Which of the Following Expressions Is Correct

question 408

Multiple Choice

Which of the following expressions is correct?

• A)marginal cost = (change in quantity of output)/(change in total cost)
• B)average total cost = (total cost)/(quantity of output)
• C)total cost = variable cost + marginal cost
• D)average variable cost = (quantity of output)/(total variable cost)

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Definitions:

Long-Term Investments

Long-Term Investments are assets that a company intends to hold for more than one fiscal year, often including stocks, bonds, or real estate.

Property, Plant, and Equipment

Long-term assets used in the production of goods and services, such as buildings, machinery, and vehicles.

Current Liability

A company's debts or obligations that are due to be paid to creditors within one year.

Coming Year

The subsequent year or the next twelve months.