The Reason the Change in Total Cost Divided by the Change

question 147

Multiple Choice

The reason the change in total cost divided by the change in output is equal to the change in total variable cost divided by the change in output, is because

• A)total variable cost rises as output rises.
• B)of the law of diminishing marginal returns.
• C)total fixed cost does not change as output changes.
• D)total cost does not change as output changes.

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Definitions:

Adolescence

The transitional developmental phase between childhood and adulthood, characterized by significant physical, psychological, and social changes.

Decline

A decrease in quality, quantity, or importance of something over time.

Physical Health

A state of physical well-being in which an individual is mechanically fit to perform their daily activities without restrictions.

Exercise Program

A structured routine of physical activities designed to improve health or fitness.