Economies of Scale Exist as a Firm Increases Its Size

question 296

Multiple Choice

Economies of scale exist as a firm increases its size in the long run because of all of the following except

• A)the firm can afford more sophisticated technology in production.
• B)labor and management can specialize even further in their tasks.
• C)as a larger input buyer, the firm can purchase inputs at a lower per unit cost.
• D)as a firm expands its production, its profit margin per-unit of output increases.

Understand the general concept and definitions of stress.

Recognize the biological and psychological response mechanisms to stress.

Understand the role of interpersonal relations and social context on stress.

Identify the role of personality and individual differences in stress perception and response.

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Definitions:

Cognitive Faculties

Cognitive faculties are mental capabilities such as thinking, reasoning, problem-solving, and memory that are crucial for processing information and understanding the world.

Neurotic Tendencies

Behaviors or personality traits characterized by mood swings, anxiety, irritability, or other emotional instability.

Misattribution of Arousal

A phenomenon where individuals incorrectly attribute the source of their physiological arousal to another stimulus, leading to inappropriate reactions or feelings.

Attraction

A force or factor that draws individuals together, leading to friendships, romantic relationships, or other forms of social interaction.