The _____ Cost Curve Continually Declines as More Output Is

question 314

Multiple Choice

The _____ cost curve continually declines as more output is produced in the short run.

• A)marginal
• B)average variable
• C)average fixed
• D)average total

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Definitions:

Self-Actualization

Bringing to fruition one's natural talents and possibilities, viewed as an essential impulse or requirement inherent in everyone.

Goal Difficulty

Describes how challenging a set goal is to achieve, which can influence motivation and effort levels.

Learned Needs Model

A theory suggesting that people's needs can be acquired or changed through experiences and interactions with the environment.

Herzberg's Motivator-Hygiene Model

A theory that suggests job satisfaction and dissatisfaction arise from two different sets of factors - satisfaction from motivating factors and dissatisfaction from hygiene factors.