1
answer
0
watching
217
views
6 Oct 2020
Which of the following best describes total fixed cost?
- The change in total cost when one additional unit of output is produced
- Total cost divided by the quantity of output produced
- Total variable cost divided by the quantity of output produced.
- Total fixed cost divided by the quantity of output produced
- Costs that do not vary as output varies
Which of the following best describes total fixed cost?
- The change in total cost when one additional unit of output is produced
- Total cost divided by the quantity of output produced
- Total variable cost divided by the quantity of output produced.
- Total fixed cost divided by the quantity of output produced
- Costs that do not vary as output varies
Chika IlonahLv10
25 Oct 2020
Related textbook solutions
Related questions
Variable cost divided by the change in quantity produced is
| a. |
average variable cost. |
|
| b. |
marginal cost. |
|
| c. |
average total cost. |
|
| d. |
None of the above is correct. |
