Average Variable Cost Is

question 89

Multiple Choice

Average variable cost is

• A)the change in cost as output decreases
• B)the change in cost as output increases
• C)TC / quantity of output
• D)TVC / quantity of output
• E)AFC + AVC

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Definitions:

Performance Deficiency

A situation where an individual's work output fails to meet the expected standards or objectives.

Actual Situation

The real or existing state of affairs or circumstances, without any changes or alterations.

Better Than Anticipated

A situation or outcome that exceeds previously set expectations or forecasts.

Systematic Thinking

Thinking that approaches problems in a rational and analytical fashion.