Which of the Following Is True for a Constant Cost

question 250

Multiple Choice

Which of the following is true for a constant cost industry?

• A) The total cost of producing 500 units will be the same as the total cost of producing 250 units.
• B) If 100 units can be produced for $500, then 200 units can be produced for $1,000.
• C) The demand curve and, therefore, the unit price in the industry are constant.
• D) Firms in the industry will hold output constant if the price of the product increases.

Recognize the role of group dynamics, such as groupthink and social facilitation, in influencing individual behavior.

Analyze the influence of situational factors versus personal disposition on behavior through attribution theory.

Evaluate the effects of persuasion methods (central and peripheral routes) on attitude change and decision-making.

Identify the consequences of social influence techniques, including conformity, obedience, and deindividuation, on individual actions.

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Definitions:

Dermal Gills

Respiratory structures in some aquatic animals that allow for gas exchange directly through the skin.

Book Lungs

Respiratory organs in certain arachnids, such as spiders and scorpions, consisting of stacked plates for gas exchange.

Operculum

In bony fishes, a protective flap of the body wall that covers the gills.

Swim Bladders

Gas-filled sacs in fish that help maintain buoyancy in the water column.