Average Total Cost Is Very High When a Small Amount

question 211

Multiple Choice

Average total cost is very high when a small amount of output is produced because

• A)average variable cost is high.
• B)average fixed cost is high.
• C)marginal cost is high.
• D)marginal product is high.

---

Definitions:

Local Banker

A banking professional operating within a specific geographical area who provides financial services and advice to residents and local businesses.

Image

The perception or representation of a subject, person, or organization, typically as communicated through various mediums and shaped by public opinion.

Customers

Individuals or entities that purchase goods or services from a business.

Experienced Employees

Workers who possess a significant amount of knowledge and skill in their field or job, usually acquired through years of work and practice.