Sergio Just Turned 53,and He Feels as Though He Is

question 3

Multiple Choice

Sergio just turned 53,and he feels as though he is not making any real contributions through the career he has chosen.As he sits at his desk each day,he fails to find meaning in his life and feels as though he has no purpose or direction.What would Erikson say about Sergio's personality development

• A) He is experiencing feelings of despair and bitterness. 
• B) He is displaying signs of isolation. 
• C) He is showing evidence of inferiority and doubt. 
• D) He is becoming self-indulgent and self-absorbed.

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Definitions:

Decreasing-Cost Industry

An industry in which the average cost of production decreases as the industry grows and output increases.

Decreasing Returns to Scale

A situation in which a proportional increase in all inputs leads to a less than proportional increase in output, indicating reduced efficiency as scale of production expands.

Long-Run Equilibrium

A state in which all factors of production and inputs can be adjusted by firms, leading to a situation where no firm has an incentive to change its output or production method.

LRAC Curve

Long-Run Average Cost Curve, a graphical representation showing the minimum cost at which any output level can be produced in the long run.