Short-run average variable cost is equal to:

CA Foundation · Business Economics · MTP · January 2025
Short-run average variable cost is equal to:
(A) A. total variable cost divided by output.
(B) B. average total cost minus average fixed cost.
(C) C. the cost per unit of the variable input divided by the average product of the variable input.
(D) D. All of the above are correct.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. All of the above are correct.

Topics: Theory of Production and Cost

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic