The Vertical Distance Between the Average Variable Cost and Average

question 18

Multiple Choice

The vertical distance between the average variable cost and average total cost curves

• A)is everywhere equal to total fixed costs.
• B)is everywhere equal to marginal cost.
• C)increases at a decreasing rate.
• D)decreases as quantity increases.

---

Definitions:

Atkinson And Shiffrin

Psychologists who proposed the multi-store model of memory, including the sensory register, short-term memory, and long-term memory.

Explicit Memories

Memories that can be intentionally and consciously recalled, such as facts and events.

Implicit Memories

Memories that are not consciously recalled but affect behavior and knowledge, such as skills and tasks learned through repetition.

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of these previous experiences, such as procedural memory for skills.