Short-run average variable cost is equal to :

 d. all of the above. ..........................................................................................

 d. all of the above."''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''

1. Short-run average variable cost is equal to The correct answer was: d. all of the above.. 

D

Thanks

____________________________

Option (D) All of the above

The answer is : Option ( D )

all of the above ______________________________

All of the above is the right answer.

variable cost=labor cost +material cost+time

The average variable cost is a firm's variable cost per unit of output. Most AVC functions will start decreasing and then at one point begin to increase. A firm will chose to shut down production in the short run if the market price is less than the average variable cost of production.

Manpower+Utilities+Raw materials