The Value of Constructs Is That They

question 74

Multiple Choice

The value of constructs is that they

• A) help us to gratify our instincts.
• B) help us to impose order and regularity on the world.
• C) are associated with affect and motivation.
• D) all of the above.

---

Definitions:

Fixed Costs

Costs that do not change with the level of output produced, such as rent, salaries, and loan payments.

Marginal Cost

The monetary outlay for producing an additional unit of a good or service.

Fixed Costs

Expenses that do not change in the short term regardless of the level of production or sales, such as rent and salaries.

Average Total Cost Curve

A graph that shows the per unit cost of production at various levels of output.