Sawyer Put a Quarter in the Gumball Machine, Only to Find

question 241

Multiple Choice

Sawyer put a quarter in the gumball machine, only to find that the machine was not working. He continued to turn the dial on the machine in the hope that he would retrieve a gumball. Unfortunately, after several minutes of forcefully turning the dial, he still did not retrieve a gumball. As a result, Sawyer kicked the machine several times. Kicking the machine is an example of __________.

• A) persistence
• B) increasing efforts
• C) varying efforts
• D) aggression

---

Definitions:

TVC

The total expenses a firm incurs that increase or decrease with the level of output, essentially another term for total variable costs with a rephrased definition.

AVC

Average Variable Cost, which is the total variable costs divided by the quantity of output produced, reflecting the variable cost per unit.

MC

Marginal Cost, the increase or decrease in the total cost of a production run for making one additional unit of an item.

AFC

Average Fixed Cost represents the fixed expenses of a firm divided by the quantity of output produced.