You Run a Business Producing Picture Frames

question 132

Multiple Choice

You run a business producing picture frames.This month,your total cost of production is $10,000,your variable cost of production is $6,000,and you produce 3,000 picture frames.It follows that average _____ cost is _____.

• A)variable;$2
• B)total;$3
• C)total;$1
• D)fixed;$1

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Definitions:

Stereotypes

Oversimplified generalizations about groups of people that may be based on gender, race, age, ethnicity, nationality, or other factors.

Distort Reality

The act of misrepresenting or altering the perception of reality, often to suit one's own beliefs or agenda.

Norm

A standard or pattern of social behavior that is accepted in a group or society as normal or typical.

Robbers Cave Experiment

A social psychology experiment that demonstrated how intergroup conflict can arise from competition over resources and how such conflicts can be overcome through cooperative tasks.