When the Size of a Factory (And All Its Associated

question 146

Multiple Choice

When the size of a factory (and all its associated inputs) doubles and,as a result,output more than doubles,

• A)The law of diminishing returns must not apply in the smaller factory.
• B)Economies of scale must exist.
• C)The short-run ATC curve must be declining.
• D)Marginal costs must be declining.

Comprehend the basic structure of society according to Rawls and its relation to justice and equality.

Identify Rawls' principles of justice and their application in a just society.

Recognize Rawls' argument against utilitarianism and other theories of justice.

Articulate the concept of the "veil of ignorance" and its role in determining principles of justice.

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Definitions:

Hispanic

A term referring to people, cultures, or countries related to Spain, or Spanish-speaking Latin American countries.

Internal Locus of Control

A psychological concept referring to individuals who believe they can control their life events and outcomes as opposed to external forces determining their fate.

Susceptible

The state of being likely or prone to be affected or influenced by a particular condition, influence, or disease.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.