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:

Expatriates

Employees who are living and working in a country other than their home country, often for a certain period.

Global Corporation

A large business enterprise that operates and has assets in more than one country, often influencing global economics and politics.

Domestic Firm

A company that operates primarily within the borders of one country and focuses on the local market.

Overseas Markets

International regions or countries where products, services, and investments are directed for expansion and profit.