Use the Following to Answer Question(s): Short-Run Costs

question 76

Multiple Choice

Use the following to answer question(s) : Short-Run Costs

-(Exhibit: Short-Run Costs) Curve A declines from a cost of about $50 and a quantity of 1 to a cost of about $40 and a quantity of 2 (point F) at which time it rises again.The declining segment is due to ________ marginal returns, and the rising segment is due to _______ marginal returns.

• A) decreasing; increasing
• B) diminishing; increasing
• C) increasing; diminishing
• D) increasing; constant

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Definitions:

Heteronomous Morality

A stage in moral development described by Piaget where children's morals are shaped by external authority and rules, and the consequences determine the goodness or badness of an action.

Piaget

Jean Piaget, a Swiss developmental psychologist known for his theory of cognitive development that describes how children construct a mental model of the world.

Moral Development

The process by which individuals learn to differentiate right from wrong, and to develop values and ethics that guide their behavior.

Global Self-Esteem

The overall view a person has about themselves, reflecting a general sense of self-worth or personal value.