Which of the Following Costs Do Not Change When Output

question 77

Multiple Choice

Which of the following costs do not change when output changes in the short run?

• A)Average variable costs.
• B)Variable costs.
• C)Average fixed costs.
• D)Fixed costs.

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Definitions:

Social Hierarchy

A ranking system within societies or groups where individuals or groups are classified on the basis of esteem and prestige acquired mainly through economic success and accumulation of wealth.

Social Norms

Expected standards of conduct, which influence behavior.

Social Loafing

The tendency of individuals to put forth less effort when working in a group compared to when working alone.

Deindividuation

A psychological state characterized by diminished self-consciousness and decreased sense of personal responsibility, often occurring in group settings.