Average Total Cost Is Equal to Average Variable Cost Minus

question 199

True/False

Average total cost is equal to average variable cost minus average fixed cost.

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Definitions:

Ectopic

In an abnormal position; in pregnancy refers to the embryo or fetus being outside the uterus.

Cryptorchidism

A condition in which one or both of the testes fail to descend from the abdomen into the scrotum normally before birth.

Smegma

A substance made up of dead skin cells and oils, typically found in areas with skin folds such as the genital region.

Fibroid

A tumor made up of fibrous and muscular tissue.