The Change in a Company's Total Cost from Producing One

question 239

Multiple Choice

The change in a company's total cost from producing one more unit is called:

• A) average total cost.
• B) marginal cost.
• C) average fixed cost.
• D) variable cost.
• E) average variable cost.

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Definitions:

Secondary Traits

Personality characteristics that are less consistent and more dependent on the situation, compared to primary traits.

Core Identity

The essential characteristics or attributes that define an individual or entity's unique personality and nature.

Individualists

Persons who prioritize personal goals and self-reliance over group goals and conformity to social norms and collective representations.

Immediate Reward

A reinforcement given instantly after a desired behavior, making it more likely that the behavior will occur again.