The Average Fixed Costs of a Firm Equal

question 119

Multiple Choice

The average fixed costs of a firm equal

• A) implicit costs divided by output.
• B) explicit costs divided by output.
• C) total cost minus variable cost.
• D) (total cost minus variable cost) divided by output.

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Definitions:

Limbic System

A complex system of nerves and networks in the brain, involving several areas near the edge of the cortex concerned with instinct and mood. It controls basic emotions and drives.

Emotions

Sophisticated emotional conditions that encompass an individual's internal experience, physical responses, and outward behaviors or reactions.

Cerebrum

The largest part of the brain, responsible for various higher functions like thought, action, reasoning, and creativity.

Hemispheres

Each of the two halves of the brain or the Earth, divided by either the cerebral fissure or the equator.