Average Variable Costs Equal

question 21

Multiple Choice

Average variable costs equal

• A) total variable costs divided by marginal costs.
• B) total variable costs divided by output.
• C) the change in marginal costs from producing another unit of output.
• D) output divided by the change in total costs.

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Definitions:

Integer Values

Whole numbers that can be positive, negative, or zero, not including decimals or fractions.

Instance Variable

A variable declared inside a class but outside any method, and is unique to each instance of the class.

Preconditions

Conditions that must be true before a function or operation can proceed in programming.

Postconditions

Conditions that must be true after the execution of a function or a block of code, used to verify the correctness of the program.