Average Fixed Cost Is

question 149

Multiple Choice

Average fixed cost is:

• A) total cost divided by the number of units produced over a given period.
• B) total fixed cost divided by the number of units produced over a given period.
• C) the price of a fixed factor of production.
• D) fixed cost divided by the number of units of a fixed input employed over a given period.

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Definitions:

Paint Thinner

A solvent used to thin oil-based paints or clean up after their use, typically composed of volatile organic compounds.

Gasoline

A volatile, flammable liquid mixture derived from petroleum, used primarily as fuel in internal combustion engines.

Paint Thinner

A solvent used to dilute or remove oil-based paints, making them easier to apply or clean up.

Gasoline

A volatile, flammable liquid derived from petroleum, used primarily as fuel in internal combustion engines.