"Fill in the Blank" in the Table Below and Then

question 86

Multiple Choice

"Fill in the blank" in the table below and then answering the question below.

-Which of the following statements regarding average fixed costs is correct?

• A)They are constant since fixed costs are fixed.
• B)They are equal to average variable cost less average total cost.
• C)When graphed,they are a horizontal line.
• D)When graphed,they are a straight line which comes out of the origin.
• E)They fall continuously as output increases.

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Definitions:

Distributive Justice

A concept in ethics and political philosophy concerning the fair allocation of goods, resources, and opportunities among members of society.

Unfettered Free Markets

Economic systems with minimal or no government intervention, where the forces of supply and demand are allowed to determine production, consumption, and price levels freely.

Libertarianism

A philosophical view that holds that individuals’ liberty is fundamentally important and that government must respect its citizens’ rights, understood as “negative” rights (that is, rights to act without interference so long as one’s actions do not interfere with the rights of others). Among the negative rights libertarians defend are the right to keep what one has or has earned, and the right to be free from government interference in all matters except when absolutely necessary to the general good.

Communitarian

Communitarian refers to a philosophical and social ideology emphasizing the importance of community and collective interests above individual rights.