Average Total Cost (ATC) Is Calculated as Follows

question 456

Multiple Choice

Average total cost (ATC) is calculated as follows:

• A)ATC = (change in total cost)/(change in quantity of output).
• B)ATC = (change in total cost)/(change in quantity of input).
• C)ATC = (total cost)/(quantity of output).
• D)ATC = (total cost)/(quantity of input).

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Definitions:

Trial Close

A technique used in sales to gauge a prospect’s interest or readiness to buy by asking a question that assumes the sale is being considered.

Creative Imagery

A relaxation and concentration technique that aids in stress management, in which a salesperson envisions successful coping in various sales situations.

Testimonial

A statement or endorsement given by a satisfied customer about the value and quality of a product or service.

National Mining Association

An organization representing the interests of the mining industry in the United States, including corporations and stakeholders involved in extraction and processing.