Costs That Are "Fixed

question 117

Multiple Choice

Costs that are "fixed":

• A) depend on what timescale you are thinking.
• B) are those that will never change.
• C) vary with output, but not with resource prices.
• D) None of these is true.

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Definitions:

Goal Shielding

A cognitive process where focusing on a primary goal helps to block out competing goals, thus avoiding distractions.

Overly Optimistic

Characterized by an excessive belief in the positive outcomes of events or situations, often overlooking the likelihood of negative results.

Plans

Structured approaches or strategies devised to achieve specific goals or objectives.

Goal Shielding

The cognitive process of protecting one's focus and efforts towards a specific goal by minimizing distractions or competing goals.