Average Variable Cost Equals

question 193

Multiple Choice

Average variable cost equals

• A) fixed cost divided by output.
• B) total variable cost divided by output.
• C) marginal cost divided by output.
• D) marginal cost plus fixed cost.
• E) marginal cost multiplied by output.

---

Definitions:

Period's End Assets

The total value of all assets that a company owns at the end of a given financial reporting period.

Patent

A form of intellectual property that gives its holder the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling public disclosure of the invention.

Discovery

Discovery in a general context refers to the process of uncovering or finding something new. In a legal context, it refers to the pre-trial phase in a lawsuit where parties can obtain evidence from one another.

Intellectual Property

encompasses creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce.