Economies of Scale Occur When

question 132

Multiple Choice

Economies of scale occur when

• A)long-run average total costs rise as output increases.
• B)long-run average total costs fall as output increases.
• C)average fixed costs are falling.
• D)average fixed costs are constant.

---

Definitions:

MMPI-2

The Minnesota Multiphasic Personality Inventory-2, a widely used standardized psychometric test of adult personality and psychopathology used to assist with the diagnosis of mental disorders.

Reliability

The tendency of a test to produce the same scores again and again each time it is given to the same people.

Validity

The extent to which a concept, conclusion or measurement is well-founded and likely corresponds accurately to the real world.

Unconditional Positive Regard

A concept in client-centered therapy stating that the therapist accepts and supports the client regardless of what the client says or does, fostering a climate of total acceptance.