In a Modified Game of Trivial Pursuit, People Who First

question 8

Multiple Choice

In a modified game of Trivial Pursuit, people who first thought about __________ did better than people who first thought about __________.

• A) classical music (Mozart); hard rock
• B) getting all the answers right; visiting a library
• C) being successful at university; being successful at hockey
• D) stereotypes about professors; stereotypes about soccer hooligans

---

Definitions:

AVC

Average Variable Cost, referring to the variable cost per unit of output.

MC

An abbreviation commonly used for marginal cost, which is the cost added by producing one additional unit of a product or service.

Average Variable Cost

The variable cost per unit of output; the total variable cost divided by the number of units produced.

Economic Profit

The gap between the complete income and all expenses, covering overt and hidden costs.