Exhibit 7-2 
-Refer to Exhibit 7-2. What would be the total cost of Firm A and Firm B producing 4 units of output each? Is it possible to reduce this total cost and still produce the same total output? How?
Definitions:
Conservative Traditions
Practices and beliefs that emphasize preserving existing social norms and values against substantial changes.
Personal Space
The physical area surrounding an individual that is considered personal territory, which others are typically not expected to intrude upon without consent.
Divisiveness
The tendency or characteristic of causing disagreement, discord, or splitting groups into opposing factions.
Power Distance
A cultural dimension that describes the extent to which individuals in a society accept and expect power to be distributed unequally.
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