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When Jessie Wanted to Talk to a Therapist to Learn

question 25

Multiple Choice

When Jessie wanted to talk to a therapist to learn how she could improve her relationship with her mother,she went to Counseling Professionals,Inc.,a counseling service that charges $1 per minute of counseling by phone.By providing counseling and advice by phone,the therapist Jessie spoke with is performing a(n) :


Definitions:

Fixed Costs

Fixed costs that are unaffected by the amount of goods produced or sold, like rent, wages, and insurance charges.

Rent

A periodic payment made for the use of land, a building, or other property.

Insurance

A financial product providing protection against possible financial losses or damages, involving regular payments in exchange for the promise of compensation under certain conditions.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, resulting in cost per unit of output decreasing with increasing scale.

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