The Average Variable Cost Curve Shifts Downward If

question 443

Multiple Choice

The average variable cost curve shifts downward if

• A) there is a decrease in fixed costs.
• B) there is a technological advance.
• C) the cost of a variable input increases.
• D) the price of output decreases.

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Definitions:

Need To Belong

A fundamental human motivation to form and maintain strong, stable interpersonal relationships.

Social Acceptance

The act of being recognized, welcomed, or deemed adequate by a social group or society as a whole.

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A steroid hormone primarily found in males, responsible for the development of male sexual characteristics and associated with behaviors such as aggression and libido.

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Refers to the desire to be more successful than others.