____ Determines Access to the Market and Affects Distribution Decisions

question 7

Multiple Choice

____ determines access to the market and affects distribution decisions.

• A)geology
• B)topography
• C)climate
• D)population

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Definitions:

Output

The total amount of goods or services produced by a firm, industry, or economy in a given period, often used as an indicator of productivity and economic health.

Variable Cost

Costs that change in proportion to the level of output or activity in a company’s production or operations.

Average Variable Cost

The total variable cost per unit of output, which varies with the level of production.

Output

Output is the amount of goods or services produced by a person, machine, factory, or system over a specific period of time.