Which of the Following Best Describes Average Variable Cost

question 124

Multiple Choice

Which of the following best describes average variable cost?

• A) The change in total cost when one additional unit of output is produced.
• B) Total cost divided by the quantity of output produced.
• C) Total variable cost divided by the quantity of output produced.
• D) Total fixed cost divided by the quantity of output produced.
• E) Costs that do not vary as output varies.
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Definitions:

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