Complete Table 21 $\text { Table } 21.5$ The Marginal Cost of the Third Unit of Output in \text

question 104

Multiple Choice

Complete Table 21.5:
$\begin{array}{c}\begin{array}{lll}\underline{Q}\\{0} \\1 \\2 \\3 \end{array}\begin{array}{lll}\underline{\mathrm{TFC}}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{TVC}}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\15\\\end{array}\begin{array}{lll}\underline{\mathrm{TC}}\\15\\23\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{AVC}}\\--\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{MC}}\\--\\\underline{\quad\quad}\\4\\\underline{\quad\quad}\\\end{array} \end{array}$

$\text { Table } 21.5$
The marginal cost of the third unit of output in Table 21.5 is

• A)$4.
• B)$3.
• C)$30.
• D)$15.

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Definitions:

Prejudice

Preconceived opinion not based on reason or actual experience, leading to biased, unfair attitudes and actions towards others.

Conformity

The act of changing one's behavior to match the responses or norms of a group, often as a result of real or imagined group pressure.

Groupthink

A psychological phenomenon in which the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives.

Minority Influence

The process by which a smaller portion of a group changes the opinions or behaviors of the larger group, often through consistency, persistence, and coherence in their stance.