The Significance of the Minimum Point on the Average Variable

question 123

Multiple Choice

The significance of the minimum point on the average variable cost curve is that

• A)it is the profit-maximizing level
• B)it is the selling price
• C)it is the point of indifference between producing at a loss or shutting down
• D)if the firm produces one more unit, its AVC will be less than MC
• E)it shows the amount of total cost

---

Definitions:

Delivering Bad News

The process of communicating unfavorable or upsetting information to someone in a thoughtful, empathetic, and clear manner.

Professionalism

The conduct, behaviors, and attitude deemed appropriate and effective in the workplace or professional settings.

Ethics

The branch of philosophy that deals with questions of morality, including the determination of right and wrong actions and the development of moral principles to guide behavior.

Unspoken Needs

Needs or desires that are felt but not verbally expressed or directly communicated.