A firm's cost of variable inputs per unit of output is known as
A)average total cost
B)average fixed cost
C)marginal cost
D)total variable cost
E)average variable cost

Name: A firm's cost of variable inputs per unit of output is known as A)average total cost B)average fixed cost C)marginal cost D)total variable cost E)average variable cost
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Question

Quizplus · Accepted Answer

Average variable cost is the cost of variable inputs per unit of output.

A Firm's Cost of Variable Inputs Per Unit of Output