Which of the Following Is the The Most Important Source

question 69

Multiple Choice

Which of the following is the the most important source of money for individuals starting up new businesses?

• A) Strategic alliances
• B) Government loans
• C) Personal resources
• D) Banks and private investors
• E) Venture capital companies

---

Definitions:

Average Variable Cost

The total variable costs (costs that change with output level) divided by the quantity of output produced.

AVC

Average Variable Cost; the cost of variable inputs divided by the quantity of output produced.

AFC

Average Fixed Cost, which is the fixed costs of production divided by the quantity of output produced.

MC

Marginal Cost, the change in total cost that arises when the quantity produced is incremented by one unit.