American Military University ECON 201 ECON201 WEEK 5 Quiz
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Module
ECON 201
Institution
ECON 201
American Military University ECON 201 ECON201 WEEK 5
Quiz
Question 1 of 20
Average variable cost is:
•
A. the firm's variable cost per unit multiplied by the quantity.
•
B. total variable cost divided by quantity.
•
C. the difference between average total cost and total variable cos...
american military university econ 201 econ201 week
american military university econ 201 econ201 week
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ECON 201
ECON 201
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American Military University ECON 201 ECON201 WEEK 5 Quiz Question 1 of 20 Average variable cost is: • A. the firm's variable cost per unit multiplied by the quantity. • B. total variable cost divided by quantity. • C. the difference between average total cost and total variable cost. • D. the difference between total cost and total variable cost. Question 2 of 20 Which of the following is (are) correct? • A. Firms are organizations that produce goods and services. • B. Firms seek to maximize profits. • C. Firms seek to utilize factors of production in the most efficient way in order to
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