The Increasing Cost in the Law of Increasing Cost Is

question 98

Multiple Choice

The increasing cost in the law of increasing cost is a(n) ____________ cost.

• A)average
• B)fixed
• C)opportunity
• D)declining

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Definitions:

Sample Mean

The average value of a sample set of numbers.

Freshmen

First-year students in a secondary or post-secondary educational institution.

Probability

The evaluation of how probable an event is, shown as a numerical value between 0 and 1, where 0 stands for the event being impossible and 1 representing absolute certainty of the event occurring.

Sample Mean

The sample mean is the average value of a sample set of numbers, calculated by dividing the sum of all values in the sample by the number of values.