Examlex
MATCHING
Complete the following using the terms listed.
-Telephones connected via _____ use personal computers with broadband connections in place of a traditional phone jack.
Average Variable Cost
The total variable costs (costs that change with the level of output) divided by the quantity of output produced.
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced, illustrating how fixed costs per unit change with output levels.
MC
Marginal Cost, the cost of producing one additional unit of a good.
ATC
Average Total Cost, which is the total cost of production divided by the quantity of output produced.
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