Average Fixed Cost Is Equal to

question 132

Multiple Choice

Average fixed cost is equal to

• A)the amount of total cost that does not change as output changes in the short run.
• B)fixed cost divided by the quantity of output produced.
• C)fixed cost multiplied by the quantity of output produced.
• D)average total cost plus average variable cost.

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Definitions:

Resource Allocation

The process of assigning available resources, such as time, money, or personnel, to specific tasks, projects, or priorities.

Organizational Politics

The use of power and social networking within an organization to achieve changes that benefit the individual or a group, often at the expense of others.

Organizational Citizenship

Behavior by an employee that is above and beyond their basic job requirements, aimed at benefiting the overall organization.

Machiavellian Values

Principles based on the political philosophy of Niccolò Machiavelli, which often endorse the use of cunning, strategy, and sometimes unethical means to gain and maintain power.