Schemas and Scripts Are Both Examples of ____

question 39

Multiple Choice

Schemas and scripts are both examples of ____.

• A)intentions
• B)knowledge structures
• C)heuristics
• D)counterfactuals

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.

Minimum Efficient Scale

The smallest scale of production a firm can achieve while still taking full advantage of economies of scale in terms of costs per unit.

Output

The quantity of goods or services produced by a firm, sector, or economy within a certain period.

Overhead Costs

Expenses not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.