Match the Person or Term with the with the Correct

question 102

Multiple Choice

Match the person or term with the with the correct description.
-Richard Nixon

• A)The Affluent Society
• B)Checkers speech
• C)chief justice of the Supreme Court
• D)founder of McDonald's
• E)NAACP lawyer
• F)conservative economist
• G)The Lonely Crowd
• H)Little Rock Central High School
• I)Vietnamese leader
• J)builder of suburbia
• K)Beat writer
• L)Catholic presidential candidate

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Definitions:

ATC

Average Total Cost; the total cost divided by the quantity produced, representing the cost per unit of output.

AFC

Stands for Average Fixed Cost, which is the fixed costs of production divided by the quantity of output produced.

MC Curve

Marginal cost curve represents how the cost of producing one more unit of a good changes as production scales.

Market Quantity

The total amount of a good or service supplied and purchased in a market at a given price.