SRAC is the acronym for which concept related to costs at different levels of production?
A) Strategic reasoning and costs
B) Short-run accounting costs
C) Short-run average cost
D) Strategic rights and company
E) Strategic revenues and costs

Question

SRAC is the acronym for which concept related to costs at different levels of production?
A)	Strategic reasoning and costs
B)	Short-run accounting costs
C)	Short-run average cost
D)	Strategic rights and company
E)	Strategic revenues and costs

Quizplus · Accepted Answer

SRAC stands for Short-run Average Cost, which refers to the total of all costs (fixed and variable) divided by the quantity of output produced in the short run, where at least one input is fixed.

SRAC Is the Acronym for Which Concept Related to Costs