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:

Right Impression

The act of presenting oneself in a manner that is perceived positively or as intended by others.

Fraudulent Misrepresentation

(1) The tort that occurs when a misrepresentation is made with intent to facilitate personal gain and with the knowledge that it is false. (2) In contracts, a false representation of a material fact that is consciously false and is intended to mislead the other party. Also called intentional misrepresentation.

Intent To Deceive

The deliberate intention to mislead or trick someone into believing something that is not true.

Nondisclosure

The failure to provide pertinent information about a projected contract.