As Output Expands from 199 to 200 Units and Total

question 4

Multiple Choice

As output expands from 199 to 200 units and total costs rise from $2985 to $3000, the marginal cost and average cost of production are:

• A) $1.00, and $200.
• B) $15 and $15.
• C) $29.85 and $15.
• D) $1.

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Definitions:

Cognitive Closure

The human desire to have a clear, definite answer to a question or decision, avoiding ambiguity.

Individual Difference

Variations among individuals in their thinking, emotion, personality, and behavior.

Subtype

A distinct group within a broader category that differs in some characteristics from the main group.

Superordinate Category

A higher-level classification that groups together more specific or subordinate categories based on common characteristics.