Which of the Following Costs Decrease with Increase in Output

question 230

Multiple Choice

Which of the following costs decrease with increase in output?

• A) Total variable cost
• B) Total fixed cost
• C) Total cost
• D) Average fixed cost per unit
• E) Sales commissions

Identify research design choices that might influence the external validity of a study.

Recognize the effect of pretesting on research findings and external validity.

Understand the implications of gender and age interactions on the generalizability of research findings.

Understand the challenges and limitations associated with using college students as research participants.

---

Definitions:

Risk-free Rate

The expected yield from an investment that carries no risk of losing money, often identified by the returns on government bonds.

Futures Market

A financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future.

Stock Index Futures

Futures contracts that obligate the buyer to purchase or the seller to sell a specific stock index at a predetermined future date and price.

Multiplier

A factor that quantifies the impact of a change in one economic variable (like investment or government spending) on the overall economy, especially on national income.