John Is Hanging Out with a Group of Friends

question 58

Multiple Choice

John is hanging out with a group of friends.According to the need to belong,which friend will pay the most attention to social information?

• A) Nate,who is outgoing and has many friends
• B) Suzanne,who is shy but has a close group of friends
• C) Akon,who belongs to many social groups
• D) Jacob,who is shy and does not know very many people

---

Definitions:

Variable Cost

Costs that change in proportion to the level of activity or volume of goods produced in a business.

Marginal Cost

The increase in cost that arises from producing one additional unit of a good or service.

Total Variable Cost

The sum of all variable costs associated with the production of a given level of output.

Total Fixed Cost

The sum of all costs required to produce any product or service that does not change with the level of output.