Average Cost Is Obtained by Dividing

question 248

Multiple Choice

Average cost is obtained by dividing:

• A) total fixed cost by the related quantity.
• B) marginal cost by marginal revenue.
• C) total cost by the related quantity.
• D) average fixed cost and average variable cost by the quantity produced.
• E) total variable cost by the related quantity.

---

Definitions:

Individualism

A cultural or social perspective that emphasizes the moral worth of the individual and the importance of personal independence and self-expression.

United States

A country located in North America, known for its diverse culture and strong economic and political influence globally.

Short-Term Orientation

A cultural viewpoint that emphasizes immediate outcomes and gratification, rather than long-term goals.

Czech Republic

The Czech Republic is a Central European country known for its rich history, cultural heritage, and its capital, Prague.