When You Need to Use Abbreviations, You Can Use ______

question 6

Multiple Choice

When you need to use abbreviations, you can use ______ to dictate how you want someone to pronounce something.

• A) hyphens and spacing
• B) bold
• C) title case
• D) italics

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Definitions:

Marginal Cost

The amount spent to produce an extra unit of a product or service.

Average Total Cost

The total cost divided by the quantity produced, representing the per-unit production cost.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced.

MC Curve

Stands for Marginal Cost Curve, depicting the cost of producing one additional unit of a good.