Which of the Following Observations Is True

question 172

Multiple Choice

Which of the following observations is true?

• A)In the long run, more costs become variable.
• B)Fixed costs can be completely varied if the time period is sufficient.
• C)Fixed costs arise when some types of inputs can be bought only in big batches.
• D)Variable costs arise when inputs have a large productive capacity.

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Definitions:

Preoperational Thinking

A stage in Piaget's theory of cognitive development where children from about 2 to 7 years old develop memory and imagination, but do not yet think logically.

Cognitive Abilities

The mental skills and capacities for learning, reasoning, problem-solving, and processing information.

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and to others and to understand that others have beliefs, desires, and intentions that are different from one's own.

Individuality

The quality or character of being individual; a distinct personality that sets one person apart from others.