Cost Divided by Output Is ________ Cost

question 46

Multiple Choice

Cost divided by output is ________ cost.

• A) marginal
• B) average
• C) total
• D) deflated
• E) sunk

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Definitions:

Consequences

Outcomes or results that follow from actions, events, or decisions.

American System

An economic plan that played a significant role in the policy-making of the early 19th century in the United States, advocating for high tariffs, a national bank, and federal subsidies for roads, canals, and other 'internal improvements' to develop profitable markets for agriculture.

James Madison

The fourth President of the United States (1809-1817), known as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution.

Agenda

A list or plan of items to be discussed or acted upon, typically used in meetings, conferences, or projects.