Learning Task No. 2: Write the correct letter of your answer on the space provided before the number.
______ 1.It refers to the total cost of production divided by the number of units pro- duced. It can also be obtained by summing the average variable costs and the average fixed costs.
A.Fixed Cost B.Average Cost C. Total cost D. Variable Cost
_______ 2.It takes into account all the costs incurred in the production process or when offering a service.
A.Fixed Cost B. Average Cost C. Total cost D. Variable Cost
_______ 3.Refers to the total sum of money needed for the production of a particular quantity of output.
A.Selling Price B.Unit Cost C. Total Cost D. Food Cost percentage
_______ 4.Costs are expenses that do not change with the amount of output produced.
A.Fixed Cost B.Average Cost C. Total cost D. Variable cost
_______ 5.It is a market value or agreed exchange value that enables a buyer to pur- chase goods or services.
A.Selling Price B.Total Price C. Break even price D. Average price

please answer correctly!!☺️❤️​