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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Definitions:

Cleavage

Series of mitotic cell divisions, without growth, that converts the zygote to a multicellular blastula.

Meiotic Cell Divisions

A type of cell division that reduces the chromosome number by half, leading to the production of gametes in sexual reproduction.

Common Ancestor

The most recent ancestral form or species from which two different species evolutionary diverged.

Animals

Multicellular, eukaryotic organisms of the kingdom Animalia, characterized by their ability to move, consume organic material, and sense their environment.