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Average Variable Cost Is Equal to The

Question 1

Multiple Choice

Average variable cost is equal to the:


A) change in total variable cost divided by the change in output levels.
B) total variable cost divided by the level of output.
C) marginal cost divided by the average product of the variable input.
D) marginal cost divided by the marginal product of the variable input.
E) total variable cost divided by the change in output levels.

Correct Answer:

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