If a Firm's Average Fixed Cost Is $4 and Its

question 79

Multiple Choice

If a firm's average fixed cost is $4 and its average total cost is $6, its average variable cost is:

• A) $1.
• B) $2.
• C) $10.
• D) $20.

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Definitions:

Nature Versus Nurture

A theoretical debate concerning whether human behavior is determined more by genetic or hereditary factors (nature) or by environment and learning (nurture).

Operant Conditioning

An educational method where behavior intensity is adjusted by using rewards or penalties.

Longitudinal Studies

Research methods that involve observing the same subjects over a period of time, often years or decades.

Biased Sample

A subset of a population selected in a manner where some members of the intended population are less likely to be included than others, potentially leading to skewed outcomes.