The Vertical Distance Between the AVC and ATC Curves Is

question 228

Multiple Choice

The vertical distance between the AVC and ATC curves is equal to

• A)marginal cost.
• B)average fixed cost.
• C)accounting profit.
• D)economic profit.
• E)none of the above

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Definitions:

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A psychological theory suggesting that the distance (temporal, spatial, social, or hypothetical) from an event affects our thinking about it, with more distant events considered in more abstract terms.

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