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A Person's Fundamental Beliefs and Principals, Which Are Used to Define

question 27

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A person's fundamental beliefs and principals, which are used to define what is good, and how to distinguish right from wrong, are collectively called a person's:


Definitions:

Average-Total-Cost Curve

A graphical representation showing how the average total cost of producing a good changes as the quantity produced changes.

Average-Fixed-Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Average-Variable-Cost

The total variable cost divided by the quantity of output produced.

Marginal Costs

The investment required to manufacture an incremental unit of a product or service.

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