Suppose Marginal Cost Is $5

question 79

Multiple Choice

Suppose marginal cost is $5.Average variable costs are $10.For the next unit of output produced,average variable costs will be

• A) less than $10.
• B) more than $10.
• C) equal to $10.
• D) It is impossible to say.

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Definitions:

Parallel Forms

A method of reliability testing in which different versions of a test are administered to the same individuals at different times to measure consistency between the forms.

Test-Retest

A reliability measure to assess the consistency of a test over time by administering the same test to the same subjects at two different points in time.

Internal Consistency

A measure of the reliability of a psychological test or survey, based on the average correlation between items on the same test.

Cronbach's Alpha

A coefficient of reliability or internal consistency of a psychometric instrument, indicating how well the items in the test measure the same concept or construct.