Multiple Choice
If there is only one variable input,average variable cost can be defined as the:
A) output's price divided by the input's average product.
B) output's price divided by the input's marginal product.
C) price of the variable input divided by its average product.
D) price of the variable input divided by its marginal product.
E) price of the variable input multiplied by its marginal product.
Correct Answer:

Verified
Correct Answer:
Verified
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