New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    The variable cost is a component of total cost, another

    is_________? I. Marginal cost II. Fixed cost III. Average cost
    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only III Correct Answer Incorrect Answer
    D All I, II and III Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next