Firms Operating at 100% Capacity

question 72

Multiple Choice

Firms operating at 100% capacity

• A) are common.
• B) are the exception rather than the rule.
• C) have no fixed costs.
• D) have no variable costs.

---

Definitions:

Implicit Memory

A kind of memory that helps improve task performance through past experiences without the individual being consciously aware of those experiences.

Conscious Recollection

The ability to intentionally remember and mentally re-experience specific past events.

Puzzle

A problem or enigma that challenges the mind, requiring thought and application to solve.

Automatic Processing

refers to the unconscious encoding of incidental information, such as space, time, and frequency, and of well-learned information, such as word meanings.