A Type of Fish That Is Relatively Low in Mercury

question 32

Multiple Choice

A type of fish that is relatively low in mercury is:

• A) shark.
• B) salmon.
• C) swordfish.
• D) king mackerel.

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Definitions:

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced, typically decreasing as production scale increases.

Average Variable Cost

The total variable costs (costs that change with output level) divided by the quantity of output produced.

AVC

Average Variable Cost; the cost of variable inputs divided by the quantity of output produced.

AFC

Average Fixed Cost, which is the fixed costs of production divided by the quantity of output produced.