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A person working at a computer terminal may get lower back tension as a result of poor posture.If the person becomes aware of that tension only when the manager enters the work area, then the person may develop lower back tension at the appearance of the manager.This scenario would be an example of:
Marginal Cost Curve
A graphical representation showing how the cost of producing one additional unit of a good varies.
Average Total Cost
The per unit cost of production, computed by dividing the total cost of production by the total quantity of output.
Average Fixed Cost
The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.
Marginal Costs
The expense incurred from manufacturing an extra unit of a product or service.
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