Figure 13-6 -Refer to Figure 13-6. Why Doesn't the Total Cost Curve

question 605

Multiple Choice

Figure 13-6
-Refer to Figure 13-6. Why doesn't the total cost curve begin at the origin (the point 0,0) ?

• A)because variable costs are positive when output is zero
• B)because fixed costs are positive when output is zero
• C)because the firm is producing at the efficient scale
• D)because the firm is maximizing profits

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Definitions:

Transferring To Another Job

The process of moving an employee from one position to another within an organization, usually to match skills with job requirements or for developmental purposes.

Benevolents

Individuals or entities that are disposed to doing good and acting with kindness or charity.

Entitleds

Individuals who believe they deserve preferential treatment and are overly self-centered in their relations with others.

Negative Inequity

A perception of unfairness experienced when an individual perceives they have received less in comparison to others, despite similar input or effort.