When Average Profit Is Increasing with Increases in Output,marginal Profit

question 54

Multiple Choice

When average profit is increasing with increases in output,marginal profit must be:

• A) increasing.
• B) less than average profit.
• C) greater than average profit.
• D) decreasing.
• E) constant.

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Definitions:

Cognitive Therapy

A form of psychotherapy that emphasizes the important role of thinking in how we feel and what we do; it is focused on changing distorted thoughts to improve emotional response and behavior.

Catharsis

The reliving of past repressed feelings in order to settle internal conflicts and overcome problems.

Repression

A psychological defense mechanism where unwanted thoughts and desires are unconsciously pushed out of conscious thought.

Transference

A phenomenon in psychotherapy where patients project feelings or attitudes from important persons in their past onto the therapist.