Use the Above Table and Assume a Fixed Cost of

question 33

Multiple Choice

$$\begin{array} { c c c c c c c } & \text { Variable } & \text { Total } & & & & \text { Marginal } \\\text { Output } & \text { Cost } & \text { Cost } & \text { AFC } & \text { AVC } & \text { ATC } & \text { Cost } \\1 & 400 & & & & & \\2 & 700 & & & & & \\3 & 1,000 & & & & & \\4 & 1,400 & & & & &\end{array}$$ Use the above table and assume a fixed cost of $1000.
-At an output of 4,ATC is

• A)$250.
• B)$400.
• C)$600.
• D)$800.
• E)$1,000.

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Definitions:

Continuous Basis

Operating or functioning in a seamless, uninterrupted manner over time.

Social Information-processing Model

A theory that explains how individuals perceive, interpret, and respond to social information in their environment.

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The mental and physical state of workers as they carry out their work responsibilities.

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Specific, measurable features of a job that can influence an employee's work experience and performance.