Average Total Cost Is

question 49

Multiple Choice

Average total cost is

• A)the change in cost as output decreases
• B)the change in cost as output increases
• C)TC / quantity of output
• D)MC - TC
• E)AVC - AFC

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Definitions:

Cardinal

Principal or most important; in psychology, it may refer to cardinal traits that dominate an individual's personality.

Human Personality

The combination of characteristics or qualities that form an individual's distinctive character, influenced by genetic, environmental, and social factors.

Conscientiousness

A personality trait characterized by organization, dependability, discipline, and a strong sense of duty.

High Goals

Ambitious or challenging objectives set by individuals aiming to achieve significant success or fulfillment.