Figure 11.10 -Refer to Figure 11.10.Suppose the Firm Is Currently Producing Qf

question 140

Multiple Choice

Figure 11.10

-Refer to Figure 11.10.Suppose the firm is currently producing Qf units.What happens if it increases its output to Qg units?

• A)Its average cost of production will fall and its profit will rise.
• B)It will be taking advantage of economies of scale and will be able to lower the price of its product.
• C)It will move from a zero profit situation to a profit situation.
• D)It will move from a zero profit situation to a loss situation.

---

Definitions:

Reciprocal Determinism

The theory that a person's behavior both influences and is influenced by personal factors and the social environment.

Academic Inferiority

A feeling of lower standing or inadequacy in an academic context, often based on comparison with peers or personal academic performance expectations.

Trait Theorists

Psychologists who study human personality focusing on identifying and measuring characteristic patterns of behavior.

Variability

The extent to which data points in a statistical or data set differ from each other and from the average.