A firm's variable costs divided by the quantity produced is the:
A)marginal product
B)marginal cost
C)average variable cost
D)marginal fixed cost

Question

Quizplus · Accepted Answer

Variable costs are costs that vary with the level of production. Average variable cost (AVC) is the variable cost per unit of output, which can be calculated by dividing total variable costs by the quantity produced. Therefore, the answer is C.

A Firm's Variable Costs Divided by the Quantity Produced Is