Average Variable Cost Is

question 8

Multiple Choice

Average variable cost is

• A)The ratio of total variable cost to the quantity of output produced
• B)The ratio of variable cost to total cost
• C)The ratio of variable cost to fixed cost
• D)The difference between variable and fixed cost

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Definitions:

Achievement Behavior

Actions aimed at accomplishing specific goals or meeting standards of excellence.

Hierarchy Of Needs

In Maslow’s theory, the order in which human needs demand attention.

External "Press"

Environmental factors or social pressures that influence an individual's behavior or choices.

Trait Approach

A perspective in psychology that focuses on identifying and measuring individual personality characteristics that are thought to be relatively stable over time.