Average Variable Cost Is Defined As

question 29

Multiple Choice

Average variable cost is defined as:

• A)total cost divided by total output.
• B)total cost divided by number of workers.
• C)variable cost divided by total output.
• D)variable cost divided by price.

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Definitions:

Fixed Face Value

The predetermined and constant value at which a financial instrument, like a bond, is redeemed by the issuer at maturity.

Dangerous Drug

A substance that has been legally recognized as posing a significant risk of harm to those who use it, often due to its potential for abuse or addiction.

FDA

The Food and Drug Administration, an agency of the U.S. Department of Health and Human Services responsible for protecting public health by ensuring safety and efficacy of drugs, biological products, and medical devices.

Liability

Legal responsibility for one's actions or inactions, which may result in financial restitution or penalties.