Total Variable Costs

question 41

Multiple Choice

Total variable costs:

• A)are the costs of short-run fixed capital equipment
• B)are so named because they vary from firm to firm within an industry.
• C)are costs that increase as production increases.
• D)are costs that decrease as production increases.
• E)are costs that are excluded by an economist while computing profits.

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Definitions:

Symbolic Functions

Cognitive operations that enable a person to use symbols, signs, or objects to represent something that is not physically present.

Preoperational Stage

A stage in Piaget's theory of cognitive development, typically from ages 2 to 7, characterized by symbolic thinking, egocentrism, and difficulty understanding conservation.

Motor Skill

A learned ability to cause a predetermined movement outcome with maximum certainty, often involving the coordination of muscles and mind.

Centration

A cognitive constraint in early childhood where the child focuses on one prominent aspect of a situation, neglecting other possible factors.