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:

Meeting Maintenance

The activities involved in preserving the productivity and organization of a meeting, including time management and resolution of technical issues.

Influence

The ability to influence the personality, growth, or actions of a person or object.

Minutes

The official written record of the discussions and decisions made during a meeting.

Explicit Way

A clear and direct approach, leaving no room for misunderstanding or ambiguity.