Total Cost Divided by the Total Number of Inputs Is

question 7

Multiple Choice

Total cost divided by the total number of inputs is called:

• A)marginal cost
• B)average cost
• C)total cost
• D)variable cost

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Definitions:

Common Bond

The shared connection or mutual interest that ties members of a group or community together.

Common Identity

A form of social identity that emphasizes unity and shared characteristics among members of a group, fostering a sense of belonging.

Communal Sharing

A relational model theorizing how people in a group share resources and responsibilities without keeping track of individual contributions or distributions.

Entitativity

The perception or degree to which a group of entities is considered to be a coherent, single unit.