Answer:
The correct answer is A. The cost of a typical unit of output, if total cost is divided evenly over all the units produced
Explanation:
The average cost is the cost per unit of production, this is also called unit cost or average cost. It is called "average" since it is calculated by obtaining an average based on the fixed costs and variable costs of total production.
The average cost can be defined using a mathematical formula, basically it is calculated by dividing the total cost of production by the total amount of products available for sale per unit.
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Answer:
The common differences in benefits and or fees include :
1. Minimum opening amount
2. Withdrawal limitation - maximum spending or withdrawal depending on age
3. Cost of notification on transaction and monthly statement or hard copy statement fee.
4. Return deposit charge - fee charged on a bounced cheque
5.Overdraft charge - fee charge on unfulfilled commitment
Explanation: The benefits attached and the charges or fees incurred in managing a checking account may differ depending on the policy and business process of the financial establishment.
If the statement above asks whether it is true or false. The answer would be true. It is because when you have common knowledge, it is not needed for it to be quoted for it is already common among people and it is already a knowledge of which people knows about without searching or asking about it. Quotation marks are only used when you try to quote or say things that are from the original author, information or who or where it came from and it's not yours. With common knowledge, there is no need to use them for it is already known by a lot of people and are too obvious for it to be asked of.
