Exhibit 7-15 Long-Run Average Cost

question 139

Multiple Choice

Exhibit 7-15 Long-run average cost
-Given the short-run average total cost curves in Exhibit 7-15, what level of output per week minimizes average total cost?

• A) 500 units.
• B) 1,000 units.
• C) 1,500 units.
• D) 2,000 units.

---

Definitions:

Biological Perspective

An approach in psychology that examines psychological disorders and behaviors based on biological factors, including genetics, brain chemistry, and anatomy.

Major Depressive Disorder

A mental health condition characterized by persistent feelings of sadness, loss of interest in activities, and a range of emotional and physical problems.

Agitation

A state of anxiety or nervous excitement, often manifesting in physical activity or loud, forceful expression.

Epigenetic Marks

Chemical modifications to DNA and histone proteins that regulate the activity of genes without altering the genetic sequence, affecting how cells read genes.