Drag a Sizing Handle to Include or Exclude Columns and Rows

question 44

True/False

Drag a sizing handle to include or exclude columns and rows from the chart.

---

Definitions:

Total Variable Cost

The sum of all costs that vary with output level, including costs for raw materials, labor, and utilities that increase or decrease as production volume changes.

Average Fixed Cost

The fixed expenses of a company divided by the number of units produced, showing cost per unit.

Average Variable Cost

Average variable cost is the total variable costs of production divided by the quantity of output produced; it changes with production volume.

Marginal Cost

The expenditure required to produce one more unit of a product or service.