Match Each Term with the Correct Statement Below

question 25

Multiple Choice

Match each term with the correct statement below.
-(according to Davis) a set of morally permissible standards of a group that each member of the group (at his/her rational best) wants every other member to follow, even if their doing so would mean that he/she must do the same

• A)Ideals
• B)Ethics
• C)Institute of Electrical and Electronics Engineers
• D)Isaac Asimov
• E)Rules
• F)Principles
• G)Association for Computing Machinery
• H)Michael Bayles
• I)Moral Ideal

---

Definitions:

Average Cost

The total cost divided by the quantity produced, calculating the cost on a per unit basis.

Total Output

The total quantity of goods or services produced by a firm or economy.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.

Variable Costs

Expenses that vary directly with the level of production or volume of output.