Multiple Choice
Average fixed cost equals
A) total cost divided by output.
B) total cost minus total variable cost.
C) average total cost plus average variable cost.
D) total fixed cost minus total variable cost.
E) total fixed cost divided by output.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q23: In the short run,the greater the level
Q24: The Easy Rider Surfboard Company produces 11,000
Q25: Opportunity cost is<br>A) the variable cost a
Q26: A possible reason for the existence of
Q27: A consumer is in equilibrium when<br>A) total
Q29: If the total cost of 100 units
Q30: In a market economy,consumer purchases depend on
Q31: As output increases,average variable cost first declines
Q32: Approximately what percentage of their income do
Q33: The following question are based on the