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The APA Specifies That No Hearing Is Necessary When Adjudicative

question 38

Multiple Choice

The APA specifies that no hearing is necessary when adjudicative decisions are basedsolely on any of the following except:


Definitions:

Total Cost

The full expense incurred in the production or acquisition of goods or services, including both fixed and variable costs.

Marginal Cost

The supplementary charge triggered by the manufacture of one extra unit of a product or service.

Average Variable Cost

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

Marginal Cost

The incremental cost associated with the production of an additional unit of a product or service.

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