Perfectionism Is

question 12

Multiple Choice

Perfectionism is

• A) putting a task aside with the intention of doing it later.
• B) the worry and anxiety you feel when you react to pressure from others or yourself.
• C) a propensity for setting extremely high standards and being displeased with anything else.
• D) forward movement toward a goal.

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Definitions:

TC/q

Total cost divided by quantity; a formula to calculate the average total cost.

Average Total Cost

The sum of all production expenses divided by the quantity of products made, indicating the per-unit cost.

Average Fixed Cost

The fixed costs of production (e.g., rent, salaries) divided by the quantity of output produced; these costs decline as production increases.

Average Variable Cost

Total variable costs divided by the quantity of output, showing the variable cost per unit of output.