Another Name for an Output Attribute

question 1

Multiple Choice

Another name for an output attribute.

• A) predictive variable
• B) independent variable
• C) estimated variable
• D) dependent variable

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Definitions:

Short-Run Supply Curve

A graphical representation showing the relationship between the market price of a product and the amount of it that producers are willing to supply in the short term.

Marginal Cost Curve

A graph showing how the cost of producing one more unit of a good varies as the quantity of production increases.

Short Run

in economics, refers to a period during which at least one factor of production is fixed, and firms can adjust only the variable factors.

TVC

Total Variable Cost, which refers to all variable expenses that change with the level of output.