If the Minimum Efficient Scale in Toaster Production Is 500,000

question 29

Multiple Choice

If the minimum efficient scale in toaster production is 500,000 units per year,_____

• A)the average cost of producing 300,000 toasters is greater than the average cost of producing 500,000 toasters.
• B)the average cost of producing 200,000 toasters is less than the average cost of producing 500,000 toasters.
• C)the average cost of producing 300,000 toasters is less than the average cost of producing 500,000 toasters.
• D)the average cost of producing 300,000 toasters is the same as the average cost of producing 500,000 toasters.
• E)the average cost of producing 500,000 toasters is zero.

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Definitions:

Reappraisal

A cognitive process that involves changing the way one thinks about a potentially emotion-eliciting event in order to alter its emotional impact.

Distraction

A factor or event that diverts an individual's attention away from their intended focus, potentially reducing productivity or performance.

Forgiveness

The process of letting go of resentment, anger, or claims against another person or oneself for perceived offenses or mistakes.

Negative Emotions

Feelings that are generally considered to be unpleasant or harmful, such as sadness, anger, fear, or jealousy, often arising in response to perceived threats or challenges.