The Output Elasticity of Total Cost Is Equal To

question 58

Multiple Choice

The output elasticity of total cost is equal to:

• A)the slope of the isocost line.
• B)the ratio of marginal cost to average cost.
• C)the ratio of average cost to marginal cost.
• D)the ratio of average cost to total cost.

---

Definitions:

Exothermic

An exothermic reaction is a chemical reaction that releases heat and energy to its surroundings.

Activation Energy

Activation energy is the minimum quantity of energy which the reacting species must possess in order to undergo a specified reaction.

Flashover

An event in which an entire room or area bursts into flames almost simultaneously, often due to the rapid spread of fire through combustible materials.

Bomb Calorimeter

An apparatus used to measure the heat of combustion of a sample, essential in the determination of calorific values.