-Refer to Table 10-3

question 100

Multiple Choice

-Refer to Table 10-3. What is its average variable cost of production at its optimal output level?

• A) $0 (because its optimal output = 0)
• B) $15
• C) $14.75
• D) $29

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Definitions:

Biological Factors

Components and influences stemming from the biological level, such as genetics, neurochemical imbalances, and brain structure, affecting an individual's health and behavior.

Social Factors

External societal influences that affect an individual's behavior, attitudes, and life chances.

Incentive

A factor, often a reward or punishment, that motivates behavior or increases the likelihood of a certain response.

Biological Needs

Biological needs are the essential requirements that organisms must meet to maintain life, such as food, water, air, and shelter.