The Virgo Cluster

question 149

Multiple Choice

The Virgo cluster

• A)is the galactic cluster that contains the Milky Way.
• B)is the oldest known cluster of galaxies.
• C)is located at the center of the universe.
• D)contains mostly spiral galaxies and very few elliptical galaxies.
• E)is a rich cluster and the closest cluster of galaxies outside of the Local Group.

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Definitions:

Average Variable Cost

The per-unit variable cost, determined by dividing the overall variable expenses by the amount of output generated.

Total Variable Cost

The sum of all costs that vary with output level, including costs of direct materials, direct labor, and other expenses that increase or decrease as production volume changes.

Variable Cost

Costs that change in proportion to the level of output in the production process.

Marginal Product

The marginal product is the additional output produced as a result of using one more unit of a particular input, holding all other inputs constant.