The Graph Shows a Total Cost Function

question 124

Multiple Choice

The graph shows a total cost function. Determine the level of production at which average cost is minimized.

• A)200 units
• B)800 units
• C)400 units
• D)0 units
• E)600 units

---

Definitions:

Motivation

An internal process that stimulates and guides actions to fulfill needs and objectives.

Physical Needs

Basic requirements for human survival including air, water, food, shelter, and sleep.

Salmon

A species of fish that is often used in research related to homing behavior, as they return to their birthplace to spawn.

Instinct

The inherent inclination of a living organism towards a particular complex behavior, driven by the need to survive and reproduce.