nework $-$ Ch$.14$ a

surses$/$cc$16$b$0$ad$-$d$670-423$e$-$a$4$ca$-$c$358$a$8$c$7$f$218/4/3$hxphm$/$tools$/$assessment$/$items$/1$cc$15742-$e$708-4$d$8..$

Resources

Al Tutor

Classify each statement or equation according to whether it describes average variable cost, marginal cost, or average $($total$)$ cost$.($TC is total cost; VC is variable cost; $Q$ is quantity.$)$

a$.\frac{TC}{Q}$ :

Average $($total$)$ cost $.$

b$.$ The amount by which total cost increases when an additional unit is produced:

c$.\frac{TC}{Q}$ : $$ d$.$ The total cost divided by the quantity of output:

e$.$ The change in total cost divided by the change in output

f$.\frac{VC}{Q}$ :

g$.$ The sum of all costs that change as output changes

divided by the number of units produced:

Search