Average Variable Cost (AVC)

question 46

Multiple Choice

Average variable cost (AVC)

• A)is the variable cost divided by the average sales price of the final good.
• B)is the variable cost divided by the quantity of output produced.
• C)is equal to average fixed cost (AFC)when no output is produced.
• D)is always less than average fixed cost (AFC).

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Definitions:

Emergencies

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Avoiding Style

A conflict resolution technique where individuals deliberately ignore or stay away from conflict rather than confronting it directly.

Unassertive

Characterized by a lack of self-confidence and the ability to express one’s needs or opinions in a forthright manner.

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