When a Firm Uses Average Total Cost Pricing

question 147

Multiple Choice

When a firm uses average total cost pricing,

• A)above-normal profits are made.
• B)economic profits equal zero.
• C)there is not enough money to pay investors in the firm their opportunity costs.
• D)price equals marginal cost.
• E)there is not enough money to pay the managers.

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Definitions:

Aggression

Behavior intended to harm or injure another individual, either physically or psychologically.

Reducing Frustration

Methods or strategies used to decrease the feeling of annoyance, impatience, or anger that arises in response to obstacles, setbacks, or unmet expectations.

Behavioral Modeling

A training or learning method that involves observing and imitating the behavior of others as a way to learn and adopt specific skills or behaviors.

Increase Aggression

The act or process of escalating hostile or violent behaviors or attitudes.