Culture Refers to Values,beliefs,behavior,and Material Things That Form a Way

question 2

True/False

Culture refers to values,beliefs,behavior,and material things that form a way of life.

---

Definitions:

Average Variable Cost

The variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Output

The quantity of goods or services produced in a given time period by a firm, industry, or country.

Total Variable Cost

The sum of all costs that vary with output level, including expenses such as labor and raw materials, but not fixed costs like rent.

Output

The total amount of goods or services produced by an individual, firm, or country.