This Type of Member Function May Be Called Only from a Function

question 26

Multiple Choice

This type of member function may be called only from a function that is a member of the same class.

• A)public
• B)private
• C)global
• D)local
• E)None of these

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Definitions:

Average Variable Cost

The total variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, expressed on a per unit basis.

Marginal Revenue

The increased income from the sale of one additional unit of a good or service.

Average Fixed Cost

Total fixed cost divided by the number of units produced. It always declines as output increases.