The Formula for Average Fixed Cost Is

question 16

Multiple Choice

The formula for average fixed cost is

• A) VC/Q.
• B) TC/Q.
• C) TC/Q - VC/Q.
• D) TC/Q + VC/Q.

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Definitions:

Income

Income is the amount of money or assets that is received over a period of time, often as payment for work, from investments, or from business activities.

Total Utility Data

Information representing the total satisfaction or benefit received by consuming a specific quantity of goods or services.

Prices

The amount of money required to purchase a good or service, determined by factors like demand, supply, and market conditions.

Income

The money received, especially on a regular basis, for work or through investments.