Marginal Fixed Cost

question 46

Multiple Choice

Marginal fixed cost:

• A)is a positive constant irrespective of output level.
• B)declines as output is increased because a fixed numerator is divided by an ever-growing denominator.
• C)generally increases as output is increased.
• D)is equal to average variable cost and average total cost at their minimum points.
• E)is always equal to zero and is therefore ignored by economists.

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Definitions:

Organizational Politics

The application of influence and social connections within an organization to bring about changes that favor either the individual or the organization itself.

Objective Standards

Universal benchmarks or criteria that are not influenced by personal feelings, interpretations, or prejudice.

Manipulating Others

The act of skillfully influencing or controlling others to one's advantage, often in an unfair or deceitful way.

Organizational Politics

Refers to activities within a company that are aimed at improving someone's status or position and are typically at the expense of others.