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In order to obtain an elaboration of a response that may be as terse as "Pretty bad" the interviewer may have to use some probes to get an elaboration on what the respondent really means by "Pretty bad". Sometimes, the best probe is _____, for example, if the interviewer sits quietly with pencil poised, the respondent will probably fill the pause with additional comments.
Average-Total-Cost Curve
A curve that shows the average total cost of production at different levels of output, typically U-shaped due to economies and diseconomies of scale.
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.
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