​Average Costs

question 13

Multiple Choice

​Average costs

• A)​fall at all levels of output
• B)are falling when marginal costs are below average costs and rising when marginal costs are above average costs
• C)are falling when marginal costs are above average costs and rising when marginal costs are below average costs
• D)​does not vary with output

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Definitions:

Phallic Stage

Freudian concept indicating the third stage of child psychosexual development, where the libido (sexual energy) focuses on genital organs.

Freud

Sigmund Freud, originating from Austria and a neurologist by profession, introduced the concept of psychoanalysis, which involves treating mental health issues via dialogue with a psychoanalyst.

Psychosexual Stages

A central element of Freudian theory positing that individual personality development occurs through five stages (oral, anal, phallic, latency, genital) from infancy to adulthood, each focusing on sexual pleasure from different body areas.

Id

Within the psychoanalytic framework, this refers to the segment of the psyche where innate primal impulses and fundamental processes become apparent.