This Phone Center Uses Only Equipment and Workers to Provide

question 41

Multiple Choice

This phone center uses only equipment and workers to provide service. $$\begin{array} { | c | c | c | c | c | c | } \hline \begin{array} { c } \text { Output } \\\text { (units) }\end{array} & \text { Equipment } & \text { Workers } & \text { Total Cost } & \begin{array} { c } \text { Marginal } \\\text { Cost }\end{array} & \begin{array} { c } \text { Average } \\\text { Variable Cost }\end{array} \\\hline 0.5 & 1 & 2 & & & \\\hline 1 & 1 & 4 & & & \\\hline 3 & 1 & 6 & & & \\\hline 8 & 1 & 8 & & & \\\hline 11 & 1 & 10 & & & \\\hline 12 & 1 & 12 & & & \\\hline\end{array}$$
For this firm,Marginal Cost

• A)equals Average Variable Cost at Average Variable Cost's minimum point.
• B)equals Average Total Cost at Average Total Cost's maximum point.
• C)is always greater than Average Variable Cost.
• D)is always less than Average Variable Cost.

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Definitions:

Social Situations

Settings or circumstances involving interactions with others that can influence an individual's behavior, emotions, and thoughts.

Awareness

The ability to perceive, feel, or be conscious of events, objects, or sensory patterns.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act, relevant in the context of various psychiatric conditions.

Rationalizes

The process of justifying behaviors or decisions with plausible explanations, often to make them appear reasonable.