One Explanation for the Existence of an Increasing-Cost Industry Is

question 70

Multiple Choice

One explanation for the existence of an increasing-cost industry is that

• A)increasing marginal returns to labor occur.
• B)firms produce beyond the point of minimum long-run average total costs.
• C)perfectly elastic long-run supply schedules are observed in the industry.
• D)as the industry expands, prices are bid up for some factors of production.

---

Definitions:

Person-Centered Therapy

A psychotherapeutic approach developed by Carl Rogers, emphasizing an individual's self-growth and self-healing in a supportive environment.

Counseling Technique

A method or approach used by therapists and counselors to facilitate growth, change, or coping in clients.

Phenomenology

A philosophical approach that emphasizes the study of conscious experiences from the first-person perspective, focusing on phenomena as they appear to one's consciousness.

Q-Sort Research

A method used in psychology to study people's self-concepts by sorting a set of statements in order of relevance to themselves.