Introduction to Economics 1 Deneme Sınavı Sorusu #723714
Which of the following is not correct when the average variable cost is considered?
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It measures the variable cost per unit of the output produced. |
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Its behavior is connected to the behavior of the total variable cost. |
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The average variable cost is calculated as the total variable cost divided by the quantity of the total output produced. |
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It measures how fast or slow the total cost and the total variable cost increase. |
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Its behaviour is normally U shaped. |
The Average variable cost (AC) measures the variable cost per unit of the output produced.
Its behavior is connected to the behavior of the total variable cost and is normally U shaped.
The average variable cost is calculated as the total variable cost divided by the quantity of the total output produced.
The property given in option D belongs to the marginal cost. Therefore, the correct option is D.
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