Average Fixed Cost

question 132

Multiple Choice

Average fixed cost:

• A) can be calculated by dividing total fixed cost by the level of output produced.
• B) can be graphed as a horizontal line, with dollars on the vertical axis and quantity on the horizontal axis.
• C) decreases as output increases.
• D) is characterized by both a. and c.

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Definitions:

Ergonomic Hazard

Risks of physical strain and injury related to the design and use of equipment, workplace layout, and work processes.

Chemical Hazard

Any chemical substance that can cause harm to individuals or the environment when it is released or during its use.

Physical Hazard

Any factor within the environment that can potentially cause harm or adverse health effects to individuals.

Reactive Substances

Materials that undergo a chemical change when exposed to certain conditions, often used in industrial processes.