ATC Are Defined As

question 30

Multiple Choice

ATC are defined as:

• A) change in TC given a change in output
• B) total per-unit costs
• C) costs per unit of fixed inputs
• D) costs per unit of variable inputs

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Definitions:

Norms

Shared beliefs or standards that dictate the expected and acceptable behavior within a particular group or society.

Violated

Violated refers to the act of breaking or failing to comply with a rule, law, agreement, or expectation.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Mores

are the accepted traditional customs, moral attitudes, or manners of a particular social group, which guide behaviors and can distinguish right from wrong.