Suppose That, When Producing 50 Units of Output, a Firm's

question 133

Multiple Choice

Suppose that, when producing 50 units of output, a firm's AVC is $30, its AFC is $8, and its MC is $40. This firm's

• A)ATC is $48.
• B)ATC is $78.
• C)total cost is $1,900.
• D)total cost is $40.

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Definitions:

Oedipus

In psychoanalytic theory, a complex of emotions aroused in a young child, typically around the age of 4, by an unconscious sexual desire for the parent of the opposite sex and a wish to exclude the parent of the same sex.

Electra Complex

In Freudian psychoanalytic theory, a girl's psychosexual competition with her mother for possession of her father.

Identification

Defense mechanism in which a person tries to become like someone else to deal with anxiety.

Oedipus Complex

A psychoanalytic theory in which a child has an unconscious sexual desire for the parent of the opposite sex and hostility toward the same-sex parent.