Average variable cost is equal to
A) average cost plus average fixed cost.
B) marginal cost plus average fixed cost.
C) marginal cost.
D) average total cost minus average fixed cost.
Correct Answer:
Verified
Q25: Which is most clearly a variable cost?
A)Rent
B)Insurance
Q26: Which statement is true?
A)Shutting down is a
Q27: Fixed costs are best defined as
A)costs that
Q28: If average variable cost of production falls
Q29: Both Jill and John own toothpick factories.Jill's
Q31: Which statement is true?
A)Going out of business
Q32: As output rises,average fixed cost
A)rises.
B)falls.
C)remains the same.
Q33: When MC is rising but still below
Q34: Marginal cost may be defined as
A)the change
Q35: Which is most clearly a fixed cost?
A)Insurance
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