Successful Students Generally Believe

question 29

Multiple Choice

Successful students generally believe

• A) that they should be rewarded more generously than less successful students.
• B) unsuccessful students are lazy and don't try hard enough.
• C) that they are responsible for their successes and attribute failure to a lack of effort.
• D) that their success was an accident.
• E) that their failures were accidents.

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Definitions:

AVC

Average Variable Cost, the total variable cost divided by the number of units produced, reflecting costs that change with output.

Short-Run

A period during which at least one of a firm's inputs is fixed, limiting its ability to adjust to demand changes.

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output.

Short Run

A period in which at least one of a firm's inputs is fixed and cannot be varied.