The organization regardless of number of products produced

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Reference no: EM131239727

Which of the following statements is correct? Select one:

a. Average variable costs always exceed average total costs. b. Average fixed costs are constant. c. Average variable cost reaches its minimum when average product equals its maximum. d. Average fixed costs are always less than average variable costs.

2. Variable costs are expenses incurred by the organization regardless of the number of products produced.

a. true

b. false

3. Once the problem that brought the problem-solving team together has been addressed, the team is disbanded.

a. true

b. false

Reference no: EM131239727

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