A Psychologist Devises a Test to Measure Anxiety

question 170

Multiple Choice

A psychologist devises a test to measure anxiety.He administers this test to over 1,000 persons and learns how many people show low, medium, or high levels of anxiety.The results of his test will form which of the following?

• A)normal or bell-shaped curve
• B)skewed deviation curve
• C)U-shaped curve
• D)scatter plot

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Definitions:

Long-Run Average Cost Curve

A graphical representation showing the minimum average cost of producing any given level of output when all inputs, including capital, are variable.

Short-Run Average Cost Curve

A graphical representation that shows how the average cost of production changes with varying output levels in the short term.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, leading to a decreased cost per unit.

Long-Run Cost

The cost of production when all inputs, including both fixed and variable factors, can be fully adjusted, often leading to economies of scale.