Retirement Is Most Satisfying When

question 7

Multiple Choice

Retirement is most satisfying when:

• A)There is total cessation of previous roles and reorientation to new roles
• B)The individual retains all previous roles but reduces commitment to those roles
• C)Occupations are chosen based on need for self-identity,productivity,and meaning
• D)Occupations are chosen for their contributions to leisure and relaxation

---

Definitions:

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the quantity of output, representing the cost per unit including all expenses.

Average Variable Cost

The unit variable cost, determined by dividing the total variable expenses by the amount of output generated.

Marginal Cost

Marginal cost is the cost of producing one additional unit of a product or service.

Average Variable Cost

The total variable costs divided by the quantity of output, measuring the per-unit variable cost of production.