When a Firm Is Able to Put Idle Equipment to Use

question 459

Multiple Choice

When a firm is able to put idle equipment to use by hiring another worker,

• A)variable costs will rise.
• B)variable costs will fall.
• C)fixed costs will fall.
• D)both fixed costs and variable costs will rise.

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Definitions:

MMPI

Minnesota Multiphasic Personality Inventory; a standardized psychometric test used extensively in psychological assessment to diagnose mental disorders.

Separate Abilities

The theory that intelligence is composed of distinct dimensions that are not necessarily related to each other, challenging the notion of a single, unified intelligence.

WAIS-III

The Wechsler Adult Intelligence Scale-Third Edition, a tool used to measure adult intelligence and cognitive ability.

WISC-IV

The Wechsler Intelligence Scale for Children, Fourth Edition, a standardized test designed to measure a child's intellectual ability.