If There Is Only One Variable Input,average Variable Cost Can

question 6

Multiple Choice

If there is only one variable input,average variable cost can be defined as the:

• A) output's price divided by the input's average product.
• B) output's price divided by the input's marginal product.
• C) price of the variable input divided by its average product.
• D) price of the variable input divided by its marginal product.
• E) price of the variable input multiplied by its marginal product.

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