XBRL Is Based On

question 11

Multiple Choice

XBRL is based on:

• A)HTML
• B)GML
• C)XML
• D)SGML

---

Definitions:

MC

Marginal Cost, the cost of producing one additional unit of a good.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced.

AVC

Average Variable Cost; the per unit variable cost associated with producing a good or service.

AFC

Average Fixed Cost; the total fixed costs of production divided by the quantity of output produced, illustrating how fixed costs spread out over produced units.