A a result of the graph shown, for any given output level, the veritcal distance between the avc and the atc curves represents total fixed cost (TFC).
<h3>What is Vertical distance?</h3>
This is known as vertical separation and it is said to be the distance that exist between two vertical positions.
Note that vertical coordinates are seen for expressing vertical position: depth, and others and as such,
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The vertical distance between the ATC and AVC curve represents
a) marginal cost (MC)
b) average fixed cost (AFC)
c) total fixed cost (TFC)
d) total cost (TC) - total variable cost (TVC)
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Answer:
<h3>Yes</h3>
Explanation:
If you build thing "a" and thing "a" builds thing "b" you <u>indirectly</u> build thing "b".
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An alpha-numeric designator which is systematically assigned at the time of manufacture, so as to identify the manufacturer, month, year, location, and batch is referred to as lot number.
<h3>What is a product?</h3>
A product can be defined as any physical object (tangible item) that is typically produced by a manufacturer so as to satisfy and meet the demands, needs or wants of every customer. Also, some examples of a product include the following:
- Refrigerator
- Television
- Microwave oven
- Pencil
- Smartphone
- Computer
- Perfume
<h3>What is lot number?</h3>
A lot number can be defined as an alpha-numeric designator which is systematically designed and assigned at the time of manufacture, so as to identify the manufacturer, month, year, location, and batch.
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