Figure 13-5 -Refer to Figure 13-5. Curve D Intersects Curve C

question 309

Multiple Choice

Figure 13-5
-Refer to Figure 13-5. Curve D intersects curve C

• A)where the firm maximizes profit.
• B)at the minimum of average fixed cost.
• C)at the efficient scale.
• D)where fixed costs equal variable costs.

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Definitions:

Need For Achievement

A psychological characteristic that drives individuals to strive for success in tasks where they are evaluated against some standard of excellence.

Maximise

To increase or make as great as possible.

Difficult Task

A task that requires significant effort, skill, or knowledge to complete, and often poses a challenge to the individual attempting it.

Thalamus

A part of the brain located in the center of the cerebral hemisphere that acts as a major relay station for sensory and motor signals to the cerebral cortex.