If Marginal Cost Exceeds Average Variable Cost, Then ________ Cost

question 313

Multiple Choice

If marginal cost exceeds average variable cost, then ________ cost is ________ as output increases.

• A) average total; at a maximum
• B) average total; falling
• C) average variable; rising
• D) average fixed; at a maximum

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Definitions:

Primary-process Thought

A Freudian concept involving primitive, instinctual thought patterns that are illogical and driven by the unconscious mind.

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Sexual Longings

Intense desires or yearnings for sexual intimacy and connection.

Personality Theory

A system of concepts and assumptions about human behavior and personality structure that helps explain and predict individual differences.