Which of the Following Statements Is Correct

question 65

Multiple Choice

Which of the following statements is correct?

• A) Average variable costs always exceed average total costs.
• B) Average fixed costs are constant.
• C) Average variable cost reaches its minimum when average product equals its maximum.
• D) Average fixed costs are always less than average variable costs.

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Definitions:

Physiological Excitation

The activation of the body's arousal system, resulting in increased physical activity and energy levels, often as a response to stimuli.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli, believed to be driven by biological necessities.

Tension

A mental or emotional strain caused by the conflict between opposing forces, thoughts, or feelings.

Homeostatic Approach

A concept in psychology that refers to the process by which organisms maintain a stable internal environment despite external changes, often applied to emotional regulation.