Which of the Following Is an Example of Economies of Scale

question 343

Multiple Choice

Which of the following is an example of economies of scale?

• A) As the computer industry has expanded, the number of professionally trained computer programmers has also increased, which has caused the salaries of computer programmers to increase.
• B) To attract firms to locate in its state, the state government reduced the tax rate that businesses must pay on its profits, thus lowering the costs to firms who locate in the state.
• C) A firm increases in size and is therefore able to lower its health insurance costs because as the size of the group insured increases, the premium per person decreases substantially.
• D) As the demand for calculators increased, the price of calculators actually fell.

Describe the role of instincts in human behavior and Freud's perspective on them.

Recognize the impact of Freud’s cultural and personal experiences on his theoretical framework.

Explain the concepts of the id, ego, and superego and their interactions.

Know Freud's views on the unconscious and its significance in personality and behavior.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at various prices.

Monopolistic Firm

A monopolistic firm is a company that has significant market power to set prices or output levels, often because it is the only supplier of a product or service.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as output level changes.

Demand Curve

A graph representing the quantity of a good that consumers are willing and able to purchase at various prices.