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Jason assumes that redheads are hot-tempered.When asked whether Linda,a redhead,has a quick temper,Jason replies,"My confident prediction is that she is hot-tempered." Jason has just applied _______ to _______.
Average Variable Costs
The total variable costs (e.g., labor, materials) divided by the quantity of output produced, showing the variable cost per unit of output.
Workers
Individuals engaged in physical or mental labor to produce goods or provide services in exchange for wages.
Units
Basic quantities of measurement or items in inventory or production.
Average Cost
The total cost of production divided by the number of units produced, representing the cost per unit.
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