Average Variable Cost Is Equal to The

question 41

Multiple Choice

Average variable cost is equal to the:

• A) change in total variable cost divided by the change in output levels.
• B) total variable cost divided by the level of output.
• C) marginal cost divided by the average product of the variable input.
• D) marginal cost divided by the marginal product of the variable input.
• E) total variable cost divided by the change in output levels.

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Definitions:

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