Average variable cost is defined as:
A)total cost divided by total output.
B)total cost divided by number of workers.
C)variable cost divided by total output.
D)variable cost divided by price.

Name: Average variable cost is defined as: A)total cost divided by total output. B)total cost divided by number of workers. C)variable cost divided by total output. D)variable cost divided by price.
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Question

Quizplus · Accepted Answer

Average variable cost is variable cost divided by total output.

Average Variable Cost Is Defined As