Marginal Cost (MC) Will Equal Average Total Cost (ATC) at the Point

question 228

Multiple Choice

Marginal cost (MC) will equal average total cost (ATC) at the point where the _____ cost is at its minimum.

• A) average variable
• B) marginal
• C) fixed
• D) average total

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Definitions:

Inductive Technique

A reasoning approach that moves from specific instances to a generalized conclusion or theory.

Warmth-coldness

A psychological dimension characterizing interpersonal relationships or personality traits, ranging from warmth (friendly, compassionate) to coldness (unfriendly, indifferent).

Restrictiveness-permissiveness

A spectrum describing parenting or educational styles, with restrictiveness involving strict rules and permissiveness entailing more freedom and fewer rules.

Baumrind

Refers to Diana Baumrind, a developmental psychologist known for her research on parenting styles and their effects on children.