The Largest Pool of Nitrogen Is

question 50

Multiple Choice

The largest pool of nitrogen is

• A)the atmosphere.
• B)the oceans.
• C)living organisms.
• D)dead organisms.

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Definitions:

Average Total Cost

Total cost divided by the number of units produced, representing the cost per unit of output.

Average Total Costs

The sum of all the production costs divided by the quantity of output produced, representing the per-unit cost of production.

Average Variable Costs

Costs that vary with the level of output, divided by the quantity of output produced, indicating the variable cost per unit.

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or sales in a company.