The Total Product Is 10 Units

question 16

Multiple Choice

The total product is 10 units. The average total cost is $30 and the average fixed cost is $10. What is the amount of the TOTAL variable cost?

• A) $300
• B) $10
• C) $200
• D) $20
• E) It is impossible to determine with the information given.

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Definitions:

Reinforcement

In behavioral psychology, a process by which a behavior is encouraged or strengthened through the administration of a stimulus or reward following the desired behavior.

Psychoanalytic Theories

A set of theories originated by Sigmund Freud that emphasize the influence of the unconscious mind on behavior.

Early-Childhood Experiences

Events, interactions, and a range of stimuli in the first few years of life that significantly influence an individual's developmental trajectory and personality formation.

Cognitive Theorist

A scholar or researcher who studies the mental processes involved in perception, memory, judgment, and decision making.