A Firm Produces 300 Units of Output at a Total

question 38

Multiple Choice

A firm produces 300 units of output at a total cost of $1,000. If fixed costs are $100,

• A)average fixed cost is $10.
• B)average variable cost is $3.
• C)average total cost is $4.
• D)average total cost is $5.

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Definitions:

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of thought patterns in influencing behavior and emotions, aiming to change negative thoughts to improve mental health.

Rational-Emotive Therapists

Therapists who practice a form of psychotherapy that identifies irrational beliefs, challenges them, and encourages the adoption of healthier, more rational thought patterns.

Unrealistic Beliefs

Thoughts or expectations that are not grounded in reality or practicality, often leading to disappointment or failure.

Therapist And Client

The professional relationship between a mental health professional (therapist) and a person seeking help (client), focused on improving the client's psychological well-being.