When costs that vary with the level of output are divided by the output, you have calculated
A) total changing cost.
B) total fixed cost.
C) average fixed cost.
D) average variable cost.

Name: When costs that vary with the level of output are divided by the output, you have calculated A) total changing cost. B) total fixed cost. C) average fixed cost. D) average variable cost.
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Question

Quizplus · Accepted Answer

Average variable cost is calculated by dividing the total variable costs by the level of output.

When Costs That Vary with the Level of Output Are