The average variable cost of production is

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    the cost of production that varies with output, divided by the level of output.
     the total cost of production less fixed cost.
     the cost of production that varies directly with the level of output.
     Both 1 and 2.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the cost of production that varies with output, divided by the level of output.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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