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Carry would like to participate in the interschool drama competition. She has been taking dance lessons for years and is a spectacular dancer, but does not have any experience as a singer. The teacher decides to give her a part where she has to dance and sing. According to the theory of social facilitation, how will the presence of an audience affect Carry's performance in the drama?
Output
The amount of products or services that a company, sector, or nation generates over a specific period of time.
Total Fixed Cost
The sum of all costs that do not change with the level of output, even if that output is zero.
Output Level
The quantity of goods or services produced by a firm or industry at a given time.
Average Variable Cost (AVC)
The total variable cost divided by the quantity of output produced. It represents the variable cost of producing each additional unit.
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