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Use the table below to answer the following question.
Average total cost is at a minimum when the output level is
Locus of Control
A psychological concept referring to an individual's belief about how much control they have over the outcomes of events in their lives.
Satisfaction
A measure of how products or services meet or surpass customer expectation.
Postpurchase Cognitive Dissonance
The psychological conflict or anxiety that consumers may experience after making a difficult purchase decision, often involving doubt about the purchase.
Cognitive Bias
is a systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.
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