Table 8-8 Elegant Settings Manufactures Stainless Steel Cutlery

question 15

Multiple Choice

Table 8-8
$\begin{array}{|c|c|}\hline \begin{array}{c}\text { Quantity } \\\text { (sets) }\end{array} & \begin{array}{c}\text { Long-Run } \\\text { Average Cost }\end{array} \\\hline 100 & \$ 40 \\\hline 200 & 35 \\\hline 300 & 30 \\\hline 400 & 30 \\\hline 500 & 35 \\\hline\end{array}$ Elegant Settings manufactures stainless steel cutlery. Table 8-8 shows the company's cost data.
-Refer to Table 8-8.What is the minimum efficient scale of production?

• A) 100 units
• B) 200 units
• C) 300 units
• D) 400 units

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Definitions:

Implicit Personality Theory

The assumptions and beliefs individuals hold about how personality traits are related and how these perceptions influence their judgments of others.

Halo Effect

A cognitive bias where the perception of one positive characteristic of an individual or thing leads to the assumption of other positive traits.

Stereotyping

The oversimplified and generalized perception or depiction of a group of people, disregarding individual differences.

Organizational Support

The extent to which an organization provides resources, help, and backing to its employees to facilitate job performance and satisfaction.