Use the following to answer questions:
Figure: Short-Run Costs 
-(Figure: Short-Run Costs) Look at the figure Short-Run Costs. At 7 units of output, average fixed cost is approximately _____, and average variable cost is approximately _____.
Definitions:
Research
The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.
Transfer of Training
The effective application of skills, knowledge, or behaviors learned in one context to another context or workplace situation.
Training Plan
A detailed document that outlines the objectives, strategies, and practical aspects of how a training program will be conducted and evaluated.
Action Plan
An action plan is a detailed proposal outlining steps, tasks, and resources needed to achieve specific objectives, often within a defined timeframe.
Q1: As production increases and the fixed cost
Q157: (Figure: Short-Run Costs II) Look at the
Q202: (Table: Soybean Cost) Look at the table
Q241: (Figure: Short-Run Costs) Look at the figure
Q248: (Table: Marginal Utility per Dollar) Look at
Q305: A person's consumption possibilities include all points
Q309: The idea of diminishing returns to an
Q319: (Figure: Consumer Equilibrium III) Look at the
Q338: (Figure: Short-Run Costs) Look at the figure
Q345: (Table: Cherry Farm) Look at the table