A Friend Hears That You Are in a Developmental Psychology

question 51

Multiple Choice

A friend hears that you are in a developmental psychology course and asks you how long his newborn daughter is supposed to sleep. Being a very bright student, you would give the correct answer of

• A) "8-10 hours a day."
• B) "16-18 hours a day."
• C) "12-14 hours a day."
• D) "20-22 hours a day."

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Definitions:

Short Run

A time frame in economics during which at least one factor of production is fixed, limiting the ability of the economy or a firm to adjust to changes.

Fixed Costs

Expenses that remain constant regardless of the volume of production or sales, like lease payments or wages.

Variable Input(s)

Inputs or resources whose quantity can be changed in the short term to adjust the level of production.

Short Run

A period in economics where at least one factor of production is fixed, limiting the adjustments a firm or industry can make.