In the Long Run,when an Increase in the Quantity of Output

question 59

Multiple Choice

In the long run,when an increase in the quantity of output decreases average total cost,this is called:

• A) economies of scale.
• B) diseconomies of scale.
• C) constant economies to scale.
• D) minimum average total cost.

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Definitions:

Dispositional Attribution

The tendency to attribute someone's behavior to their personality or character rather than to external factors.

Stanley Milgram's Obedience Research

A series of social psychology experiments conducted in the 1960s which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Ethical Dilemmas

Situations in which a choice must be made between two options, neither of which resolves the situation in an ethically acceptable manner.

Replication

The process of repeating a study to verify research findings.