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Bartech,Inc.is a firm operating in a competitive market.The manager of Bartech forecasts product price to be $28 in 2015.Bartech's average variable cost function is estimated to be Bartech expects to face fixed costs of $12,000 in 2015.At what level of output will Bartech's average variable cost reach its minimum value?
Need to Belong
An inherent human need to form and maintain strong, stable interpersonal relationships.
Familiarity Principle
The psychological phenomenon where people tend to develop a preference for things merely because they are familiar with them.
Delay Gratification
The strength to forego an immediate payoff for the sake of a more substantial reward at a later time.
Achievement Motivation
The drive to excel, achieve in relation to a set of standards, or pursue success in tasks.
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