-Figure 53 Shows a Firmʹs Marginal Cost, Average Total Cost, and and Average

question 35

Multiple Choice

-Figure 5.3 shows a firmʹs marginal cost, average total cost, and average variable cost curves. At Q=100, the total cost is:

• A)$2,800.
• B)$4,500.
• C)$7,000.
• D)$6,300.

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Definitions:

Phallic Stage

A phase in Freud's psychosexual development theory, occurring between ages three and six, where the libido's focus is on the genital area.

Oedipus

A concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Carl Rogers

An influential American psychologist who founded the person-centered approach to therapy, emphasizing empathy, unconditional positive regard, and genuineness in the therapeutic relationship.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.