Refer to Figure 21

question 18

Multiple Choice

Refer to Figure 21.3.The vertical difference between the total cost curve and the total fixed cost curve represents

• A)Total variable costs.
• B)Total marginal costs.
• C)Average fixed costs.
• D)Average variable costs.

---

Definitions:

Compensatory Damages

Monetary compensation awarded to a plaintiff to make up for loss, injury, or harm suffered due to the defendant’s actions.

Punitive Damages

Monetary compensation awarded in excess of actual damages to punish or deter a defendant from engaging in conduct considered outrageous or extremely wrongful.

Civil Rights Act

Landmark legislation in the United States aimed at ending discrimination based on race, color, religion, sex, or national origin, and promoting equal access to public spaces and employment.

NLRA

The National Labor Relations Act, legislation enacted by the U.S. Congress in 1935 to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private-sector labor and management practices.