Average Variable Cost Is at a Minimum at the Same

question 83

Multiple Choice

Average variable cost is at a minimum at the same output at which

• A)average product is at a maximum.
• B)average product is at a minimum.
• C)marginal product is at a maximum.
• D)marginal product is at a minimum.
• E)marginal cost is at a minimum.

---

Definitions:

Bond Yield

The return an investor realizes on a bond, calculated as the annual interest payment divided by the bond's current market price.

Face Value

Face value refers to the nominal or dollar value printed on a security or financial instrument, such as a bond or stock certificate.

Principal Amount

The initial size of a loan or debt on which interest is calculated, or the original investment amount in a financial instrument.

Maturity

The date on which a financial obligation must be repaid in full.