Suppose That You Are Competing in the Olympic Games on the South

question 180

Multiple Choice

Suppose that you are competing in the Olympic Games on the South African gymnastics team, and you find out that one of the South African gymnasts (Bonolo) and one of the French gymnasts (Beatrice) recently failed a drug test.Research suggests that you will tend to socially reject both of them.However, ____.

• A)you will probably judge Bonolo more harshly than you will judge Beatrice
• B)you will probably judge Beatrice more harshly than you will judge Bonolo
• C)you will probably judge Bonolo and Beatrice equally harshly
• D)you will probably judge Bonolo more harshly if you are a drug-user yourself, but you will judge Beatrice more harshly if you are not

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Definitions:

Average-Total-Cost

The cost per unit of output, calculated by dividing the total cost (fixed and variable costs) by the total quantity produced.

Marginal-Cost

The expense associated with producing one additional unit of a good or service, critical for decision-making in business and economic policy.

Economies of Scale

The cost advantage achieved by an increase in production, leading to a reduction in expenses per unit due to more efficient use of resources.

Long-Run Average Cost

The per-unit cost of production in the long term, where all inputs are variable.