The Kind of Ballot That Results from the Election of a Large

question 39

Multiple Choice

The kind of ballot that results from the election of a large number of independent executive and judicial officers is a

• A)selective ballot.
• B)short ballot.
• C)long ballot.
• D)ballot.

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Definitions:

Output

The total quantity of goods and services produced by an economy or a firm.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the quantity of output produced, a measure of per unit cost.

Marginal Cost

The cost of producing one additional unit of a good or service, which can vary depending on the level of production.

Average Variable Cost

The total variable cost divided by the quantity of output, representing the variable cost per unit of output.