If Fixed Cost Is $8,000,variable Cost Is $5,000 at an Output

question 10

Multiple Choice

If fixed cost is $8,000,variable cost is $5,000 at an output of 2 and $9,000 at an output of 3,how much is marginal cost at an output of 3?

• A)$3,000
• B)$4,000
• C)$5,000
• D)$8,000
• E)There is not enough information to determine marginal cost at an output of 3.

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Definitions:

Stimulus-Response

A theory in psychology that describes how an external stimulus can elicit or provoke a specific response from an individual or system.

Experimental Social Psychology

A branch of psychology focusing on how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others, using experimental methods for investigation.

Wundt

Refers to Wilhelm Wundt, often considered the father of modern psychology, who established the first psychology laboratory and focused on experimental methods.

Lewin

Kurt Lewin, a psychologist known for his field theory in social science, emphasizing the interaction between an individual's internal state and external environment.