Which of the Following Statements Best Describe How Changes Occur

question 25

Multiple Choice

Which of the following statements best describe how changes occur from the symbolic interactionist viewpoint?

• A) change is fast, planned, and reoccurring
• B) change is positive, slow, and deliberate
• C) it is caused by external sources and actions come from within the group
• D) it is reactive, rapid, and assists in restoring equilibrium
• E) change occurs as a result of ongoing instabilities and conflicts

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Definitions:

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, expressed on a per unit basis.

Marginal Revenue

The increased income from the sale of one additional unit of a good or service.

Average Fixed Cost

Total fixed cost divided by the number of units produced. It always declines as output increases.

Price-Taker Firm

A company that must accept the market price of its product without having the influence to change it, typically because the market is highly competitive and the product is undifferentiated.