Below Is a Chart of Costs for an Agribusiness Firm

question 62

Multiple Choice

Below is a chart of costs for an agribusiness firm that produces beef (lbs) .
$\begin{array}{llcccccc} \underline{\mathrm{Y}} & \underline{\text { TFC }} & \underline{\text { TVC }}& \underline{\text { TC }} & \underline{\text { ATC }} & \underline{\text { AVC }} & \underline{\text { MC }} \\0 &10&0&10&--&--&--\\1 & 10 & 10 & 20 &\underline {\quad} & 10&\underline {\quad}\\2 & \underline {\quad} & \underline {\quad} & \underline {\quad} & 14& 9 &8 \\3 & 10 & 24 & 34 & 11.3 & 8 & 6 \\4 & \underline {\quad} &\underline {\quad} & \underline {\quad} & \underline {\quad} &\underline {\quad} & 8\end{array}$
-What are the units for MC?

• A) lbs
• B) $
• C) lb/$
• D) $/lb

---

Definitions:

Growth Need Strength

The intrinsic desire or motivation of an individual to achieve personal development or fulfill their potential.

Job Satisfaction

The level of contentment and positive feelings an individual has towards their job, often influenced by factors like work environment and personal achievements.

Halo Effect

A cognitive bias that causes one's impression of a person, brand, or product in one domain to positively influence one’s evaluation in other domains.

Single Characteristic

A specific attribute or quality that can define or distinguish an individual, object, or concept.