When a Critical Thinker Is Asking Herself, "What Evidence Supports

question 202

True/False

When a critical thinker is asking herself, "What evidence supports this claim?" she is demonstrating a healthy sense of skepticism.

---

Definitions:

Total Costs

The sum of fixed and variable costs incurred by a business in the production of a good or service.

Average Total Cost

The total cost per unit of output, calculated by dividing total costs by the number of units produced.

Variable Labor

The aspect of labor costs that varies with the level of production or business activity within a given period.

Fixed Capital

Refers to the long-term assets used in production, including buildings, machinery, and equipment, which are not frequently replaced.