The -Shape of the Long-Run Average Total Cost Curve

question 113

Multiple Choice

The -shape of the long-run average total cost curve is primarily due to:

• A)technological change.
• B)economies and diseconomies of scale.
• C)fixed costs.
• D)diminishing returns.

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Definitions:

Preconventional Moral Reasoning

The first level in Kohlberg's theory of moral development, where moral reasoning is based on external consequences to the individual, such as punishment or reward.

Conventional Moral Reasoning

Conventional moral reasoning is the second level in Kohlberg's theory of moral development, where individuals make moral decisions based on societal rules and the expectations of others.

Conventional Moral Reasoning

A level of moral development where individuals make judgments based on conformity to conventional standards of right and wrong.

Autonomous Morality

A stage in moral development where individuals begin to understand that rules and norms are created by people and can be questioned, leading to personal sets of ethical beliefs.