When a Firm's Average Variable Cost Is Constant-No Matter How

question 177

Multiple Choice

When a firm's average variable cost is constant-no matter how much is produced-then the firm's:

• A) average cost will increase as the quantity produced increases.
• B) fixed cost must be zero.
• C) average cost will also be constant.
• D) average fixed cost will also be constant.
• E) average cost will decrease as the quantity produced increases.

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Definitions:

National Average

This term typically refers to the average value or measurement found by aggregating specific data across an entire nation, often used in contexts such as test scores or income levels.

Surgical Site Infections

Infections that occur after surgery in the part of the body where the surgery took place, which can sometimes lead to serious complications.

National Average

The mean or median value of a particular measure computed from data collected across a nation.

Mean Distribution

Refers to the distribution of the arithmetic mean from multiple samples from the same population, often assumed to be normal in many statistical applications.