An Increase in Long-Run Average Costs Resulting from Increases in Output

question 258

Multiple Choice

An increase in long-run average costs resulting from increases in output is

• A) attributed to economies of scale.
• B) attributed to diseconomies to scale.
• C) attributed to constant returns to scale.
• D) attributed to the law of diminishing marginal product.

Comprehend the impact of federal income taxes withheld on employer's payroll tax expenses.

Grasp the timing and liability considerations of FICA taxes.

Recognize the control benefits and considerations of using a separate payroll bank account.

Understand the distribution and purpose of federal unemployment compensation taxes.

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Definitions:

Enculturation

The process of transmitting a group’s culture from one generation to the next.

Ethnocentrism

Belief that your cultural traditions and assumptions are superior to those of others.

Cultural Context

Aspects of the environment and/or nonverbal cues that convey information not explicitly communicated through language.

Social Class

The perception of a person’s perceived status, influence, authority, and power, based on economic, educational, and family history.