If, When a Firm Doubles All Its Inputs, Its Average

question 76

Multiple Choice

If, when a firm doubles all its inputs, its average cost of production decreases, then production displays

• A)diminishing returns.
• B)economies of scale.
• C)diseconomies of scale.
• D)declining fixed costs.

Grasp the stages and mechanisms of feature integration theory.

Recognize the implications of the Stroop effect on cognitive processing.

Understand the impact of practice and task familiarity on cognitive task performance.

Describe the effects of divided attention on task performance.

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Definitions:

Effective Organizational Climate

The overall atmosphere within a company, influencing employees' behavior and work motivation.

Theory X

A management concept that assumes employees are inherently lazy and unambitious, requiring strict supervision and control to be productive.

Hygienes

The qualities in the workplace that are outside the job itself (examples: company benefits, policies, job security). When these factors are weak or missing, motivation will fall; however, when they are high, motivation will not be strong or long term.

Herzberg's Two-factor Theory

A motivational theory proposing that job satisfaction and dissatisfaction arise from two different sets of factors - hygiene factors and motivators.