When a Plant Is Operating at the Level of Output

question 116

Multiple Choice

When a plant is operating at the level of output where its short-run average total cost is at its minimum,

• A)average fixed cost is at a minimum.
• B)marginal cost is at a minimum.
• C)average variable cost is at a minimum.
• D)the plant is operating at its capacity.
• E)more of the variable factor of production should be employed.

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Definitions:

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, and praise.

Autonomy

The capacity to make an informed, uncoerced decision independently, often emphasized as an important aspect of personal development and psychological health.

Approach Motivation

The drive towards a positive stimulus or outcome, motivated by the desire for a reward or fulfilling experience.

Avoidance Motivation

A behavioral response aimed at evading unpleasant outcomes, tasks, or situations.