Use the Following to Answer Questions -A Fixed Cost:
A) Will Exist Only in the Long

question 130

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Total Cost Data }\\\begin{array} { c c c } \hline \begin{array} { c } \text { Quantity of } \\\text { Output }\end{array} & \begin{array} { c } \text { Variable } \\\text { Cost } \\( \text { VC) }\end{array} & \begin{array} { c } \text { Total Cost } \\( \boldsymbol { T C } ) \end{array} \\\hline 0 & \$ 0 & \$ 50 \\1 & 50 & 100 \\2 & 70 & 120 \\3 & 100 & 150 \\4 & 140 & 190 \\5 & & 240 \\6 & 250 & 300 \\7 & 320 & 370 \\\hline\end{array}\end{array}$$
-A fixed cost:

• A) will exist only in the long run.
• B) depends on the level of output.
• C) is positive,even if the firm doesn't produce any output in the short run.
• D) decreases until the point of diminishing returns is reached.

Comprehend the application and interpretation of the intention to treat method.

Distinguish between positive and negative correlations.

Grasp the concept of selection bias and its effect on research outcomes.

Understand the methodology and application of regression discontinuity in research.

---

Definitions:

Kohlberg's Theory

A theory of moral development proposed by Lawrence Kohlberg, suggesting that individuals progress through a series of stages in understanding and reasoning about moral issues.

Conventional

Relating to or based on norms, standards, or practices that are widely accepted and followed.

Moral Development

The process by which individuals develop attitudes and behaviors towards what is considered right and wrong.

Lawrence Kohlberg

An American psychologist best known for his theory of stages of moral development.