CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

If average fixed cost is $2 and average variable cost is $3, then total cost is $5. True or False?
Correct Answer: False

User Contributed Comments 4

User Comment
AdrianCighi $5= AVERAGE total cost
guna Watchout for the word "Average"
Oarona Thanks for the hint
papajohn How about if output is 1 unit?
You need to log in first to add your comment.