Consider an Industry with Two Firms Producing Similar Products

question 78

Multiple Choice

Consider an industry with two firms producing similar products.
Mega Corp's total costs are TC = $5,000 + 100 × Quantity.
Big Inc's total costs are TC = $4,000 + 200 × Quantity.
Refer to the information given above.Average total costs for these firms:

• A)declines as quantity increases.
• B)increases as quantity increases.
• C)is constant for all quantities.
• D)declines as quantity increases for Mega Corp and increases as quantity increases for Big Inc.

Recognize school phobia and its treatment options.

Identify and understand different levels of moral reasoning and expectations.

Understand various therapies for treating conduct disorders.

Comprehend Freud's psychoanalytic theory and its implications in middle childhood.

---

Definitions:

Empirical Research

A way of gaining knowledge by means of direct observation or experience, employing systematic and scientifically valid methods to gather data.

Behavior Modification

The use of empirically demonstrated behavior change techniques to improve behaviors and replace undesirable behaviors with more desirable ones.

Desirable Behaviors

Desirable behaviors are actions considered favorable or appropriate within a certain context or society, often encouraged and reinforced through social norms and by rewards.

Applied Behavior Analysis

A therapy based on the science of learning and behavior, which uses behavioral principles to improve significant behaviors and skills and to remove or reduce harmful behaviors.