At 20 Units of Output, a Firm Finds That Its

question 116

Multiple Choice

At 20 units of output, a firm finds that its average variable cost is $5 per unit and its average total cost is $8 per unit.Therefore, its:

• A) marginal cost is less than $3 per unit.
• B) marginal cost is $3 per unit.
• C) average fixed cost is $3 per unit.
• D) marginal cost is equal to its average fixed cost.

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Definitions:

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and those of others, crucial for effective communication, leadership, and relationships.

General Attitudes

The overall feelings or opinions a person has about different aspects of their environment, life, or work, which can influence their behaviors and perceptions.

Personal Aggression

Behaviors that are intended to harm or intimidate others on a personal level, often driven by emotional reactions.

Production Deviance

Behavior that violates organizational norms specifically related to work processes, often negatively impacting output.