Average Variable Cost Is Equal to

question 203

Multiple Choice

Average variable cost is equal to

• A)average cost plus average fixed cost.
• B)marginal cost plus average fixed cost.
• C)marginal cost.
• D)average total cost minus average fixed cost.

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Definitions:

Amortization Period

The total time period over which a loan or mortgage is scheduled to be paid off, often through regular payments.

Compounded Quarterly

Interest on an investment or loan is calculated and added to the principal once every three months.

Monthly Payment

A specified amount paid every month, typically as part of a loan repayment plan.

Equivalent Cash Value

The cash amount equivalent to the value of a non-cash item, often used in contexts like insurance settlements or lottery winnings.