8. Let's assume that when Isabella loses $50 reacts much stronger than when she finds a $50 bill. This is referred to as_________________.

1. normal

2. shortage

3. rational behavior

4. loss aversion

Question 11 1 pts Production costs of books are presented in the table below. Fixed Variable Average Labor Quantity Total |Marginal Cost Cost Total Cost Cost Cost 0 0 $80 $0 $80 1 10 $80 $30 $110 2 26 $80 $60 $140 3 46 $80 $90 $170 4 65 $80 $120 $200 5 78 $80 $150 $230 Using the table above, calculate the average total cost for producing 10 books, in dollars