If Average Fixed Cost and Average Variable Cost Are Added

question 95

Multiple Choice

If average fixed cost and average variable cost are added, the result is:

• A)social marginal cost
• B)external cost.
• C)total cost.
• D)average total cost.
• E)marginal cost.

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Definitions:

Allegations

Claims or assertions that someone has done something illegal or wrong, typically without proof.

Merger

The combination of two or more companies into a single corporate entity, often to achieve greater efficiencies and market share.

Competitor

An entity (either a person or an organization) that competes with others for market share in an industry by offering similar or better products or services.

Integrated Production

A system of production where various processes are interconnected and work harmoniously to improve efficiency and output.