The Short Run Is a

question 24

Multiple Choice

The short run is a

• A) 5K run.
• B) period of time when plant size cannot be changed.
• C) period of time when all resources are variable.
• D) period of time when average total costs decline.
• E) maximum of 90 days.

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Definitions:

Discrimination

Biased or unfair actions against people from distinct groups, mainly due to their race, age, gender, or physical abilities.

Out-Group

A group toward which an individual feels opposition, rivalry, or hostility.

Primary Groups

Groups composed of the people who are most important to our sense of self; members’ relationships are typically characterized by face-to-face interaction, high levels of cooperation, and intense feelings of belonging.

Secondary Groups

Groups that are larger and less intimate than primary groups; members’ relationships are usually organized around a specific goal and are often temporary.