Company Y Has Just Designed a New Checkout Counter for a Chain

question 12

Multiple Choice

Company Y has just designed a new checkout counter for a chain of supermarkets.This new checkout counter will allow the employees to scan and bag groceries more efficiently.Development of the new checkout counter was most likely done by a(n)

• A)personnel psychologist.
• B)organizational psychologist.
• C)human resources director.
• D)human factors psychologist.

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Definitions:

Units

In economics, units refer to the quantifiable measures used to express the quantity of an item, such as pieces, kilograms, liters, etc., used in transactions or production.

Total Cost

The complete cost of production, encompassing both fixed and variable costs, for a good or service.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; decreases as production increases.

Average Variable Cost

The per unit cost of variable inputs divided by the total quantity of output produced, reflecting the variable cost of production.