This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following best describes average variable cost? a. The change in total cost when one ... (Read 128 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
Which of the following best describes average variable cost?
 a. The change in total cost when one additional unit of output is produced.
  b. Total cost divided by the quantity of output produced.
  c. Total variable cost divided by the quantity of output produced.
  d. Total fixed cost divided by the quantity of output produced.
  e. Costs that do not vary as output varies.

Question 2

From 2009 to 2013, the price level in the U.S. has increased by 8.3 percent. This implies that the price index in 2012 was:
 a. 108.3.
  b. 183.
 c. 100.
 d. 98.3.
 e. 92.7.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

covalentbond

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


Mr.Thesaxman

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
Wow, this really help

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Effects of Living in Total Darkness on Monoaminergic Systems Effects of Living in Total Darkness on Monoaminergic Systems
The schematic of a variable valve timing control circuit, showing that battery power (+) is being ... The schematic of a variable valve timing control circuit, showing that battery power (+) is being ...
Climate Change: Volcanoes Climate Change: Volcanoes
Coral growth rings as an indicator of environmental change Coral growth rings as an indicator of environmental change
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ... The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ...
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library