For Any Given Level of Output

question 172

Multiple Choice

For any given level of output:

• A) marginal cost must be greater than average cost.
• B) average variable cost must be greater than average fixed cost.
• C) average fixed cost must be greater than average variable cost.
• D) fixed cost must be greater than variable cost.
• E) None of the above is necessarily correct.

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Definitions:

Source

The point of origin of a persuasive communication.

Trustworthiness

The quality of being reliable, honest, and deserving of trust.

Message

Communication from a source directed to an audience.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort due to conflicting beliefs, attitudes, or behaviors, prompting efforts to reduce the discord.