Makayla Often Does Not Know Where Her Children Are

question 64

Multiple Choice

Makayla often does not know where her children are.She works long hours and is rarely home.Makayla's parenting style is

• A) authoritarian.
• B) authoritative.
• C) permissive.
• D) uninvolved.
• E) maternal.

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Definitions:

Shutdown Point

The level of production and corresponding price at which a business's total revenue exactly equals its total variable costs, beyond which the business would start to incur losses.

Output

In economic terms, output refers to the total amount of goods and services produced by an economy or a firm.

Average Total Cost

The cost per unit of output, calculated by dividing the total cost of production by the total number of units produced.

Marginal Revenue

The added revenue procured by vending an additional unit of a good or service.