Average Total Cost Is Always ____________ Average Variable Cost,but as Output

question 140

Multiple Choice

Average total cost is always ____________ average variable cost,but as output rises,the difference between them ___________.

• A)greater than;widens
• B)less than;widens
• C)greater than;narrows
• D)less than;narrows

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Definitions:

Problem Solving

A process of identifying a problem, generating possible solutions, and implementing a solution to address the issue effectively.

Implementing Plan

The process of putting a designed strategy or plan into action to achieve specific goals.

Data Collecting

The systematic approach to gather and measure information on variables of interest, in a way that enables one to answer research questions, test hypotheses, and evaluate outcomes.

Ideas Developing

The process of forming new concepts, innovations, or creative thoughts.