Underlying the Social Unrest of the Thirteenth and Fourteenth Centuries

question 9

Multiple Choice

Underlying the social unrest of the thirteenth and fourteenth centuries lay:

• A)desperation born of poverty and hunger.
• B)a growing belief that the Church would foster social change within society.
• C)a belief that the monarchs of Europe ruled illegitimately.
• D)a general lack of respect for those in authority.
• E)a growing sense of self-confidence.

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Definitions:

Total Cost

The sum of all expenditures incurred by a business to produce and sell a product, including fixed and variable costs.

Average Total Costs

The total cost of production divided by the number of units produced, reflecting the average cost per unit of output.

Average Variable Costs

A new definition for the cost incurred from variable resources divided by the total output, illustrating the expense associated with producing each additional unit.

Total Fixed Costs

The total amount of expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.