Examlex

Solved

Which of the Following Is NOT One of the Criteria

question 132

Multiple Choice

Which of the following is NOT one of the criteria discussed in the text for judging a behaviour as abnormal?


Definitions:

Variable Input

A factor of production whose quantity can be changed easily and flexibly by a firm in the short run to adjust output levels.

Average Variable Cost

The total variable cost divided by the quantity of output produced; it shows the variable cost per unit of output.

Marginal Product

The extra output generated from the inclusion of one additional unit of a particular input while maintaining all other inputs unchanged.

Variable Cost

Costs that change in proportion to the level of production output or activity level of an entity.

Related Questions