Average Total Cost Equals

question 69

Multiple Choice

Average total cost equals

• A) the change in total cost divided by the change in output.
• B) total fixed cost divided by output.
• C) average fixed cost plus average variable cost.
• D) total cost minus total variable cost.
• E) average fixed cost plus average variable cost plus marginal cost.

---

Definitions:

Fatty Acid

Carboxylic acids with long hydrocarbon chains, which are components of lipids in the body and are used in various industrial applications.

Herring Oil

A type of oil obtained from the processing of herring fish, rich in omega-3 fatty acids.

Olive Oil

An oily substance extracted from the fruit of olive trees, which are native to the Mediterranean region, utilized in culinary practices, beauty products, medical formulations, soap making, and as a source of illumination in classic oil lamps.

Soybean Oil

An oil extracted from the seeds of the soybean plant, widely used for cooking and in food products.