The Average Fixed Cost Curve Slopes Downward Due to

question 106

Multiple Choice

The average fixed cost curve slopes downward due to

• A)diminishing marginal utility.
• B)diminishing marginal returns.
• C)technological inefficiency.
• D)economic inefficiency.
• E)spreading total fixed cost over increasing output.

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Definitions:

Lateralized

Describes functions or processes that are predominantly localized to one side of the brain, such as language in the left hemisphere for most people.

Left Hemisphere

The half of the brain that is typically responsible for language processing, logical reasoning, and analytical tasks in most individuals.

Picky Eaters

Individuals, often children, who have a very selective and limited range of food preferences.

Egocentrism

Piaget’s term for children’s inability to take another person’s point of view or perspective and to assume that others share the same feelings, knowledge, and physical view of the world.