Average Variable Cost Is

question 101

Multiple Choice

Average Variable Cost is

• A)the addition to cost associated with one additional unit of output.
• B)the per unit cost of production.
• C)the per unit variable cost of production.
• D)the per unit fixed cost of production.

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Definitions:

Reality Principle

A psychoanalytic concept referring to the capacity of the mind to assess the external world and act upon it appropriately, as opposed to acting on the pleasure principle.

Pleasure Principle

A psychoanalytic concept that describes people's instinctual seeking of pleasure and avoidance of pain to satisfy biological and psychological needs.

Ego

A part of the psyche that mediates between the conscious, the unconscious, and the reality by deploying defense mechanisms.

Superego

A component of Sigmund Freud's psychoanalytic theory, representing the moral conscience and the ideal self, influenced by societal and parental standards.