Suppose That a Firm's Long-Run Average Total Costs of Producing

question 613

Multiple Choice

Suppose that a firm's long-run average total costs of producing small commuter jet airplanes increases as it produces between 2,000 and 4,000 airplanes. For this range of output, the firm is experiencing

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)specialization.

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Definitions:

Guilt Proneness

The predisposition of an individual to feel guilty for wrongdoing, even when such guilt may not be warranted.

Collective Guilt

The emotion felt when individuals perceive their group as responsible for wrongful actions, even if they as individuals did not participate in such actions.

Ingroup Bias

The tendency to favor one's own group over other groups.

Empathy Gap

The difficulty of understanding or predicting one's own and others' feelings, preferences, or behaviors when in a different emotional or physical state.