What is the full form of "AC"?
A. Average cost
B. Annual Cost
C. Annual Collateral
D. Account
Answer: Option A
Solution(By Examveda Team)
The Average Cost is the per unit cost of production obtained by dividing the total cost (TC) by the total output (Q). By per unit cost of production, we mean that all the fixed and variable cost is taken into the consideration for calculating the average cost. Thus, it is also called as Per Unit Total Cost.This Question Belongs to Abbreviations >> Business Abbreviations
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