Answer the Question on the Basis of the Following Information $T V C - M C$

question 88

Multiple Choice

Answer the question on the basis of the following information. TFC = Total Fixed Cost Q = Quantity of Output
MC = Marginal Cost P = Product Price TVC = Total Variable Cost
Average fixed cost is _.

• A) \(T V C - M C \)
• B) \(= \frac { MC } { Q }\)
• C) \(= \frac { TFC } { Q }\)
• D) \(= \frac { TVC } { Q }\)

---

Definitions:

Positively Correlated

A relationship between two variables where they move in the same direction, meaning as one variable increases, so does the other, and vice versa.

Scatterplot

A type of graph in which the values of two variables are plotted along two axes, the pattern of the resulting points revealing any correlation present.

Normal Curve

A symmetrical, bell-shaped curve representing the distribution of a set of data where most occurrences fall near the average, and fewer are found the farther one moves away from the mean.

Standard Deviation

Standard deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean (average) of the data set.