Average Total Cost Is Equal to

question 168

Multiple Choice

Average total cost is equal to

• A)output/total cost.
• B)total cost - total quantity of output.
• C)average variable cost + total fixed cost.
• D)total cost/output.

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Definitions:

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group compared to when they work alone.

Underestimating

The act of judging something to be less in quantity or importance than it actually is.

Accountable

Being responsible for one's actions and being able to explain or justify them.

Deindividuation

A psychological state where an individual loses self-awareness and self-restraint, often occurring in group settings that foster anonymity.